MultiversX (EGLDBTC) —First Time Bullish Since 2021I just want to show you the bottomed out ones. The ones that already hit bottom, started to recover and are ready to move.
You know, we can become distracted tracking the pairs that are already moving strong. We see those pairs and we want to buy but it is already too late even if they continue mov
MultiversX (EGLDBTC) Breakout SignalRecently, EGLDBTC (MultiversX) went through a breakdown of support, these are the blue lines on the chart. The break of support produced a new ATL and also a rounded bottom that is now fully complete.
Here the bullish signal comes up as a fractal, a repeat of mid-2024 and super high volume.
➖ Firs
Trade Signal for EGLDBTC: Sell OpportunityAttention traders! Based on the analysis through the EASY Quantum AI strategy, we have identified a promising sell opportunity for the EGLDBTC pair. Here are the details of the trade signal:
- Direction: Sell
- Enter Price: 0.000452
- Take Profit: 0.000443
- Stop Loss: 0.000459
Analysis and Justi
EGLD Double Bottom (Buy & Hold —Sell At The Top)This is a classic pattern and here it is very strong. We are going to support EGLD's double-bottom pattern with the volume indicator.
Notice how high is the trading volume at each low.
EGLD hit a low in June 2024, then this low is matched in August 2024.
A little bit of basics: For this pattern,
EGLD breakoutEGLD is breaking out against both its BTC pair as well as the USD. The point of confluence aligns with a potential FED rate cut, leading to increased liquidity for risk-on assets.
For continuation, we really need a close above 0.001810.
Targets in gold on chart. NFA.
The zoomed in chart, and the
EGLDBTC LongAs it seems, EGLD is making a double buttom pattern with a good daily demand zone. If the flip reversal would be justified, it can give the opportunity to open long position for 25 to 50 percent profits. this is not a financial advise, but only a personal view. if you want to act, never forget your
EGLDEGLD is bleeding against btc since nov-2021 , if 0.00085-0.00070 does not support prices , we could see more blood to come for multiversx .
0.0005 area is target 2 , we have 0.0004-0.00025 as area 3 .
the downside continuation could give as 17-10$ for EGLD only it stops bleeding against btc or btc
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.