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Egldusdtlong

EGLDUSDT - Real project with real targetlet's know about the EGLD project EGLD (MultiversX) is a fast, scalable blockchain designed for dApps, DeFi, and metaverse projects. It aims to power next-gen decentralized ecosystems while competing with platforms like Solana and Ethereum. CHART , TA weekly chart displays a breakout of falling wedge pattern without retest ... it's extremly bullish sign clear the red rectangle is important to continue going up ... target is 280$ Best Regards Ceciliones
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by ceciliones
2
EGLDUSDT.1DLooking at the current EGLD/USDT chart, we see a fascinating technical landscape unfolding. First, let's discuss the support and resistance levels I've identified: Resistance Levels (R1 and R2): R1 stands at $52.70, which has acted as a significant barrier since early 2023, and R2 is at $82.25, a level last tested in late 2022. These resistance points are critical for the bullish scenario and would need to be broken with substantial volume for a sustained upward movement. Support Level (S1): The S1 at $22.60 is pivotal. This level has been tested and held firm throughout mid-2023, indicating strong buying interest. Now, let's delve into the technical indicators: Relative Strength Index (RSI): The RSI is currently around 38.97, which suggests that EGLD is neither overbought nor oversold. This neutral RSI provides room for the price to move in either direction without immediate pressure from overbought or oversold conditions. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but above the zero line, which typically suggests a bearish momentum. However, the proximity to the zero line also indicates that the negative momentum is not overwhelmingly strong. Given these observations, my perspective is cautiously optimistic. The support at $22.60 provides a good foundation for potential upward movement, but the market will need to see significant buying volume and a positive shift in broader market sentiment to challenge and possibly break through the resistance levels. Investors should keep a close eye on the MACD and RSI for early signs of momentum changes and adjust their strategies accordingly. If the price fails to hold the S1 support, it could lead to a retest of lower levels, but for now, the setup looks promising for buyers at current levels, provided the support holds strong.
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by MarsSignals
EGLD/USDT - MultiversX: TD Sequential◳◱ On the $EGLD/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 59.32 | 64.45 | 73.55 and support near 50.22 | 46.25 | 37.15. Entering trades at 54.52 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: MultiversX ▣ Rank: 85 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Elrond is a blockchain designed for high throughput and relatively fast execution speed compared to other smart contract platforms. It features Adaptive State Sharding as its scaling solution and a Proof-of-Stake (PoS) variation called Secure PoS to secure the network. Elrond also contains a WebAssembly-based virtual machine that can support the creation and execution of decentralized applications (dApps). ◰◲ Technical Metrics : ▣ Mrkt Price: 54.52 ₮ ▣ 24HVol: 5,768,981.334 ₮ ▣ 24H Chng: 0.055% ▣ 7-Days Chng: -5.44% ▣ 1-Month Chng: -20.46% ▣ 3-Months Chng: 2.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 59.32 | 64.45 | 73.55 ◢ Support: 50.22 | 46.25 | 37.15 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: NEUTRAL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.74 ▣ Last 90D: 0.47 ▣ Last 1-Y: 0.55 ▣ Last 3-Y: 0.05 ◲◰ Volatility : ▣ Last 30D: 0.83 ▣ Last 90D: 0.77 ▣ Last 1-Y: 0.80 ▣ Last 3-Y: 1.00 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is 0.90 - V. Bullish ▣ In-depth EGLDUSDT 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! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Elrond Support at $50, Potential Bounce or Deeper Pullback LoomsElrond currently hovering around a crucial support zone between $52 and $50 on the daily timeframe chart. I am closely watching this price action to gauge the token's next move. Potential Bounce Back in Sight If EGLDUSDT manages to hold above $50 , a bounce back towards $61 , which acts as a resistance zone, is a possibility. This bullish scenario would be welcomed by investors who have been accumulating EGLD in recent weeks. Support Breach Could Lead to Deeper Pullback However, if the support at $50 fails to hold , EGLD could experience a deeper pullback towards $48 or even lower, to $47 . This bearish outcome would likely trigger selling pressure from short-term traders. Eyes on Key Levels In the coming days, market participants will be keenly observing whether EGLD can establish support above $50 . A decisive break above this level could signal a bullish reversal, while a breakdown could lead to further losses.
by Z4F4R
EGLD/USDT upward momentum what next?👀 🚀 EGLD Analysis💎 Paradisers, brace yourselves for an exciting opportunity to profit with #EGLDUSDT! It's gearing up for a potential rise from a pivotal level. 💎 Diving into #EGLD journey, it has been tracing a cup and handle pattern. Currently, it's testing a tough supply zone. A breakthrough above this zone, coupled with sustained momentum, could signal a robust bullish sprint towards the $77.59 supply zone. 💎 Should CRYPTOCAP:EGLD begin to falter, our eyes are on a vigorous recovery from the solid support and gap at $55.90. With substantial liquidity at this level, a rebound seems promising, setting a critical watchpoint. However, slipping below this crucial level could spell a shift towards bearish terrain.
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by MyCryptoParadise
EGLD/USDT bullish scenario? 👀 🚀 EGLD Today analysis💎 Paradisers, gear up to delve deeper into EGLDUSDT as it showcases a captivating trajectory, hinting at a heightened likelihood of revisiting its upward momentum after a recent rejection from resistance. 💎 EGLD recently faced a setback from the resistance at 29.32. However, the scales tip towards a probable bullish resurgence from the 26.35 level, with the presence of a bullish OB further bolstering this scenario. Another potential pivot point lies at the demand level of 25.49. 💎 The VRVP's pronounced volume at this juncture indicates that whenever the price approaches this level, a bullish surge is likely. 💎 While some novice traders might be tempted to short at this level, always remember to stay a step ahead, analyzing the market with a discerning eye.
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by MyCryptoParadise