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EGLDBTC trade ideas

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. ➖ First, support breaks and prices moved lower. Once bears are done selling and sell beyond the last mayor low, they become exhausted. Super low prices tend to be a bullish situation for buyers. ➖ Second, the same dynamics happened earlier this year. A down-move turned into a breakdown and the breakdown produced a rounded bottom, the rounded bottom signaled the start of a new bullish wave. 👉 We have the down-move, the breakdown and rounded bottom. This rounded bottom is now complete and strong bullish action is present with the highest buy volume ever. What follows is a new bullish wave. Additional details on the chart. Thank you for reading. Namaste.
Long
by AlanSantana
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 Justification: 1. Market Trend: Recent patterns and movement in the EGLDBTC pair suggest an overall bearish trend. This aligns with our strategy indications that the market sentiment is leaning towards selling pressure. 2. Resistance Levels: The pair has approached key resistance levels that historically have been difficult to break. This further strengthens the case for a potential rebound downwards at the enter price point of 0.000452. 3. Volume Indicators: Volume analysis indicates a decrease in buyer momentum, suggesting weakening demand at current price levels. This makes a compelling case for entering a sell position. 4. Technical Indicators: Supporting technical indicators (such as moving averages and RSI levels) also confirm a bearish setup, providing additional evidence to the sell prediction. 5. Risk Management: Proper risk management is ensured with a stop loss at 0.000459, minimizing potential losses, while targeting a take profit at 0.000443 optimizes gains in line with observed market dynamics. Stay cautious and ensure to follow your own research and risk assessments alongside this signal. Happy trading!
Short
by ForexRobotEasy
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, the price does not have to exact, nor the same, just close/in the vicinity of the previous low. The high bull volume at each low indicates that this is a strong support level thus we can expect a reversal to take place next. The target on the chart is only short-term. This is because this chart is young. It can go much, much higher. Here I am only alerting you of the bottom formation so that you can buy and hold. Sell when we reach the top. Thanks a lot for your continued support. This is all for today. Namaste.
Long
by AlanSantana
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 soar to 40K levels , here we can see btc.d go higher and perhaps egld/btc surgs to the targets i gave without lower prices in dollar pairs, otherwise , low btc 23-26k level with low egld/btc price , is not good for EGLD . note that : the first target coincides with 2021 yearly open , fib clusters ,trend line and an order block(demand area) . this is not a financial advice thank you
by youyousag
#EGLD/BTC - Long - Potential 6.79%Direction: Long Market: Spot Risk: 0.25% - 1% #BTC_EGLD Exchange: BINANCE Timeframe: 360 TP1: 0.001259 Entry: 0.001179 STOP: 0.001099 Entry Conditions: | Support bounce | Tredline break | Oversold | RVI breakout ALT re-accumulation possible here, even if just DCA algo's buying the dip's. Be wary of the news cycle CPI data and likely more Binance FUD dropping later today. If inflation comes in high we could see risk assets drop - so close early if in profit.
Long
by CryptoNicho
EGLDBTC: Re-accumulation or Distribution?I have been looking at patterns for re-accumulation for a while for $EGLDUSDT, but it is actually when looking at EGLDBTC when it could really fit with the traditional patterns. As we know, both wyckoff patterns are exactly similar at the beginning, and it is difficult to find out which one could be playing out, if any. It is difficult to imagine that EGLD goes as far as to overcome previous top, right? But we all thought the same when it did the previous top :) The number of features that MULTIVERSX has created recently is impressive, and it really depends on the discussion that is happening today of having or not an ALTCOIN SEASON coming soon or not. What do you think?
by CryptoPummel
$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! 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
by Crypto2AF
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