EGLD ANALYSIS (2H)From where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed
.
Wave A, which was a triangle, is over and it seems that we are now in wave B.
Wave B looks like a triangle.
EGLD is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B).
For risk management, please don't forget stop loss and capital management
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Egldbtc
#EGLD/USDT#EGLD
Our price is moving in a bearish channel on the 12-hour frame and has just crossed it to the upside perfectly.
We have a bounce from the lower border of the channel from the green support area at 27.00
We have a tendency to stabilize above the Moving Average 100
Entry price is 27.00
First goal 34.24
The second goal is 40.00
Third goal 46.27
EGLD buy setupA good bullish structure can be seen in EGLD.
According to the BOS we have on the chart, it is expected that the demand range is a good range to take buy/long positions.
The targets are listed on the chart.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
EGLD ANALYSIS (4H)From where we have inserted "start" on the chart, it looks like a Boolean triangle. If EGLD pullbacks on the green range, we will look for buy/long setups.
We have selected a swap range as the target.
Also, we specified the invalidation level on the chart, closing a daily candle below this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
EGLD/USDT upward momentum from support? 👀🚀EGLD Analysis💎 Paradisers, turn your attention to #EGLDUSDT, as it's currently exhibiting trends that suggest a bullish transition from its current support zone.
💎 In light of recent market fluctuations, #EGLD has been on a decline. However, if it manages to sustain momentum at the support level of $46.94, there is a promising opportunity for a bullish advance towards the significant resistance level at $75.32.
💎 The dynamic nature of the cryptocurrency market demands a strategy that is both adaptable and responsive. Should #EGLD face challenges in holding above the $46.94 support level, it might be time to recalibrate our strategy.
💎 In this event, our focus would shift to a potential bullish rise from a lower demand level at $42.61. Monitoring this level is vital, as a breach below could signal the necessity for a strategic realignment, potentially pointing to challenges in maintaining a bullish trend in the #EGLD market. 🌴💰
Potential for Long-Term GrowthIn recent weeks, the EGLD currency has continued its downward trend, persisting within the midline of the descending channel following its reaction to the resistance range of $48-50. Notably, there have been numerous price collisions with the midline of the channel, indicating a high level of interaction.
Furthermore, the RSI (Relative Strength Index) currently stands at 36, suggesting a moderate level of momentum in the price movement. This reading implies that EGLD is neither significantly oversold nor overbought at the moment. It indicates a state of equilibrium or a potential period of consolidation in the market.
On the chart, there is a lack of strong indications for immediate price growth. However, it is worth noting that the EGLD price has approached crucial support levels around $35 and $32.5, which are considered short-term supports. These levels may experience positive fluctuations in the near future.
In addition, two lower supports should be taken into account: one at $28.5 and the other at the bottom of the channel at $25.5. These supports exhibit substantial reactive power, potentially capable of triggering an upward reversal in the price trend within daily timeframes.
Considering the RSI reading and the support levels mentioned, there is a reasonable expectation for favorable long-term growth within the identified price ranges. However, it is crucial to consider other factors and indicators to gain a comprehensive understanding of the market conditions and make informed trading decisions.
EGLD ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$EGLD/#BTC [#MultiversX (Elrond)]: Resistance_BreakoutHey traders, we've identified a Resistance Breakout on the $EGLD / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.002065 | 0.002156 | 0.002386 and the major support zones are respectively at 0.001835 | 0.001696 | 0.001466. It is a bullish indication and we may consider entering at the current price zone at 0.002031 and targetting higher levels.
Technical Metrics :
Current price: 0.002031
24H Volume: 22.4774 Ƀ
24H Price change: 2.888%
- Pivot Points - Levels :
Resistance: 0.002065 | 0.002156 | 0.002386
Support: 0.001835 | 0.001696 | 0.001466
Indicators recommandation :
Oscillators: SELL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth EGLDBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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EGLD BUY SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
EGLD LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to scalpy BUY/LONG the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Elrond vs Bitcoin | 50%+ After ConsolidationElrond (EGLDBTC) has been consolidating since the June V shaped recovery.
We favor the bullish bias because of this same recovery.
It has been sideways for a long-time and now prices move above EMA50 with a strong RSI.
We have room for growth.
- Define your own risk.
Additional details on the chart.
Namaste.
EGLD BUY SETUPHello, dear traders. how are you ? Today we have a setup to buy/long the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You