Egldusdtidea
EGLD MultiversX top buying zonesHi everyone, here's a scenario for EGLD that, let's say, takes a hefty beating. Unfortunately, EGLD has opened a door to one. Sadly, this scenario could pave the way for a downward impulse in this Main Zone Z (in blue). Essentially, the Z's can do anything. The strongest structural supports are found at $24.66, $21.12, $19.70, $10.36, $9.18, and $7.33. The pole of the LARGE M Pattern formed points to $7.83.
We also have the fibs that position the Z around $20, $10.87, $7.52, or $4.03.
I really like the potential zone ranging between $10.36 and $6.30 if the 19.70$ doesn't hold.
Liquidity is currently "manageable," but stagnant. Interest rates are high, and inflation is fluctuating. This could impact risk assets in the coming months. The consumer price index continues to rise, with an increase of 22% over the last five years. The Fed's reverse repo facility is a good indicator to monitor the Fed's monetary policy. It is currently declining, affecting liquidity in the financial system.
EGLDUSDT Elliott Waves Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Targets: 52 and 60
after first target reached move ur stop to breakeven
Stop: under 40 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
EGLD/USDT: Potential Breakout and Bullish Move
EGLD/USDT has been showing signs of a potential breakout on the chart. Based on technical analysis, there is a possibility of a bullish move ranging from 150-250% in the mid-term.
Investors should closely monitor the support and resistance levels for confirmation of the breakout. Additionally, it is important to pay attention to the trading volume to gauge market sentiment. To manage risk, stop-loss orders can be set below the support level.
Overall, if the breakout occurs, EGLD/USDT could provide a profitable opportunity for investors.
EGLDUSDT Analysis (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target zone: 70-75
after first target reached move ur stop to breakeven
Stop: ~47 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.