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EGLD / TetherUS PERPETUAL CONTRACT

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EGLDUSDT.P trade ideas

EGLD (MultiversX) - accumulationIt seems that EGLD has formed a quite strong descending range trend on the monthly timeframe, so it is maintaining a downward movement. Currently, the price is supported upward by a range trend on the weekly this time. However, I have identified some potential zones for the long term (at least 6 months, preferably a minimum of 1 year, or until targets are reached). A first opportunity (which can be taken as a short-term position) would be the daily support at $38.4, and the moment when this support is reached is important, preferably together with the weekly trend - as a short-term position. The weekly support at $34.54 looks very good and can support the movement. The one at $29.8 could represent a good zone, but we should keep in mind that it has been tested. The best accumulation zone from my point of view is this monthly support at approximately $11. As zones where profits can be "locked," I have identified: The daily resistance at $44.27 represents a quite important piece in the shorter term or the monthly descending range trend. The weekly resistance at $56.7 looks good enough. A really good and important target, that high at $64. And for the more patient ones - the daily resistance at $ 132 and the 3-month one at $205. It is easy to do DCA (just spot) at each support level, but the capital allocation will be different. Likewise, for collecting profit, a little bit at each target. I will follow these zones with interest, I am not exposing them just for the sake of exposure. What I presented is not investment advice, just a personal view. Each person is responsible for their own decisions, don't put all your eggs in one basket, and don't invest more than you can afford!
Long
by Tonic_A
EGLD: Time to show strengthHello Traders! Welcome back to another trade with analyst Aadil1000x. Today is a big opportunity for traders looking for a big move. The market is ready to fly and EGLD is one of the pairs which will show a big move. On average Pairs will boost 120 to 140% so if we compare to the average this is a golden pair to hold. There is a big Head and shoulder pair and it is ready to fly. You always heard of shorting the Head and shoulder pattern, which never works. Try the A1000x way and see the power. The EGLD will retest the broken trendline and there will be some extra jump after entering back into the trendline. This move will break 250$ price. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
EGLD/USDT Technical Analysis Update ( Bearish Flag )Title: EGLD/USDT Technical Analysis: Bearish Trend Continues, $29 Target Expected Introduction: In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin. Current Price Action: EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32. Technical Analysis: Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout. Conclusion: It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice. Takeaways: EGLD is currently facing a bearish trend and is down 92% from its all-time high. Based on chart analysis, we can expect the price to reach a target of $29. The bearish trend will only end if the price breaks out above the $52 level and sustains above it. Always trade with a safe zone and conduct your own research before investing in any coins. Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
Short
by CryptoPatel
$EGLD/USDT 1D (#Bybit) inverted Head & Shoulders breakoutMultiversX (f.k.a. Elrond eGold) is pulling back to iHnS neckline / 100EMA support, looks good for a bounce back and a bullish continuation. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 5.0% Current Price: 45.95 Entry Zone: 45.95 - 43.39 Take-Profit Targets: 1) 51.75 2) 57.08 3) 62.41 Stop Targets: 1) 38.75 Published By: @Zblaba $EGLD #EGLDUSDT #MultiversX #Elrond #eGold Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +47.3% | +83.1% | +119.1% Possible Loss= -39.7% Estimated Gaintime= 2-3 months
Long
by TradingOn
EGLDHEAD-AND-SHOULDERS PATTERN — Although occasionally an Inverted Head-and-Shoulders Pattern (called a Consolidation Head-and-Shoulders) will form, which is a Continuation Pattern, in its normal form, this pattern is one of the more common and more reliable of the Major Reversal Patterns. It consists of the following four elements (a Head-and-Shoulders Top will be described for illustration): (1) a rally which ends a more or less extensive advance on heavy volume, and which is then followed by a Minor Reaction on less volume; this is the left shoulder; (2) another high-volume advance which exceeds the high of the left shoulder, followed by another low-volume reaction which takes prices down to near the bottom of the preceding reaction, and below the top of the left shoulder high; this is the head; (3) a third rally, but on decidedly less volume than accompanied either of the first two advances, and which fails to exceed the high established on the head; this is the right shoulder; and (4) a decline through a line drawn across the proceeding two reaction lows (the neckline), and a close below that line equivalent to 3% of the stock’s market price. This is the confirmation of the breakout. A Head-and-Shoulders Bottom, or any other combination Headand-Shoulders Pattern, contains the same four elements. The main difference between a Top Formation and a Bottom Formation is in the volume patterns. The breakout in a Top can be on low volume. The breakout in a Bottom must show a “conspicuous burst of activity.” Minimum Measuring Formula: add the distance between the head and neckline to the breakout point. LEVERAGE: X5 Join my team
Long
by ByteMEME
EGLD/USDT Still Room To DropGood morning guys ✌️ Next one on our watchlist is EGLD/USDT pair. After that breakdown we are just hanging in the air so price needs to reach some sort of zone where it can put up some legs and stay for a correctional turnover. Waiting and looking forward for some movement here! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium