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EGLD / TetherUS PERPETUAL CONTRACT

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EGLDUSDT.P trade ideas

EGLD/USDT Technical Analysis and Price PredictionTechnical Analysis of EGLD/USDT: EGLD is currently trading at $41, which is 93% down from its all-time high. Despite many influencers claiming that it would reach $1000, investors suffered significant losses due to their funds being liquidated. In my opinion, EGLD is likely to experience further downward trends, and it may test the $27 level, resulting in a 34% drop from its current value. I remain bullish on EGLD only if it surpasses the $52 level. In bear markets, smart traders buy the dip and sell in bull markets. At present, both the RSI and MACD indicators are bearish. The critical levels to watch for are $27 for support and $52 for resistance. If you appreciate my analysis, please like and share it. To stay up to date on the latest crypto real-time updates, be sure to follow me. Thank you.
Short
by CryptoPatel
3
EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT There is R2 on the top of the chart which is a resistance area and it represents the unsuccessful triumphs of the price to rise at several points. R1 used to be a support area. And as you see, S1 is our support area with their well support of price for various points. Hence, we observe the fluctuation of price below R1 due to being rejection by the mentioned area. Our expectation would include another rise to reach R1 and then via having some rising signs, there would be more rise predicted for the price to reach higher amounts. Therefore, R1 is considered a good point for saving profits then. But it is so probable that the price loses the support at R1 and more decline would happen toward S1. Do not forget to consider the market situation in lower time frames and then decide what to do; based on the multiple pieces of information which you would obtain from our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
4
Shortterm targetsThere is a descending resistance line on the weekly. Descending resistance pretty much always breaks to the upside. $63,87 -> Should be the easiest to break. You can take small profits here but honestly, it would be a waste. Personally think we will break through this, but it still a heavy point of resistance on EGLD. Thats why im mentioning it. $74,34 -> A great take profit target if you still believe we're in a bearmarket. $85,62 -> The best tp level for a scalp. Not extremely high, especially for this great project. Obvious disclaimer but still disclaiming; these are shortterm targets. I personally believe the potential of this coin in the longterm is much higher.
Long
by UnknownUnicorn13174409
1
EGLD: Resistance BreakoutElrond (EGLD) technical analysis: Trade setup : Price broke back above $50 resistance and 200-day moving average, making Higher Highs, which are all indications of Uptrend. Price could revisit $60 next. Recent strength comes after its partnership announcement with Tencent (owner of WeChat). Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $40 (previous resistance), then $32. The nearest Resistance Zone is $50, which it broke, then $60.
Long
by altFINS