EGLDUSDT.PS trade ideas
$EGLD Elrond good entry point for SPOTCRYPTOCAP:EGLD Liquidity just got raided with the recent dip. The price is back in the weekly Optimal Trade Entry zone making it an execellent entry point. This pattern is also a known bullish pattern (liquidity grab)
EGLD/USDT In the crucial area, it shows bounce from the support💎 The recent market dynamics surrounding #EGLD have indeed been quite notable.
💎 Currently resting on the support area, EGLD has historically demonstrated a tendency to bounce strongly when reaching this level, often leading to significant upward movements.
💎 There's potential for EGLD to repeat this pattern, and if it manages to break above the resistance, there's further potential for the price to continue its upward trajectory and reach the strong resistance area.
💎 However, if EGLD fails to hold above the support area, there's a possibility it may break below, indicating weakness and potentially leading to a decline to the next lower support area around $28.3.
💎 When EGLD reaches the key support, it must bounce back, as this demand zone holds significant importance. Reclaiming the price above the support area is essential for any further attempts to reach the strong resistance.
💎 If EGLD fails to do so and breaks below the demand zone, it could signal a bearish momentum, resulting in a significant downward movement.
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iFeel the success🌴
📈 Breaking Down EGLD's Bullish Ascending TriangleEGLD appears to be painting a promising picture for traders, showcasing a bullish ascending triangle pattern. But what exactly does that mean?
In the world of stock market analysis, an ascending triangle pattern typically signals a bullish continuation pattern. Here's the lowdown:
An ascending triangle forms when there's a clear upward trend in the price of a stock, accompanied by relatively equal highs followed by higher lows. This creates a triangle-like shape with a horizontal resistance line and an upward-sloping support line. The price tends to consolidate within this pattern before eventually breaking out to the upside.
Now, back to EGLD. Observing its recent price action, we can see distinctively higher lows forming along with a consistent resistance level. This tightening range suggests that buyers are gradually gaining strength, setting the stage for a potential bullish breakout.
Remember, while patterns like the ascending triangle can offer valuable insights into potential price movements, it's crucial to confirm the breakout with strong volume and follow market dynamics closely.
Keep an eye on EGLD as it navigates this pattern, and may your trading endeavors be prosperous! 🚀 #EGLD #AscendingTriangle #BullishTrend #MultiversX #altcoins
This is not financial advice this is only my opinion.
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.
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EGLD /USDT Ascending Trendline and Support Level? 👀🚀EGLD💎 Paradisers #EGLD is currently aligning itself along an ascending trendline. This trendline intersects with a critical support level at $46.76.The confluence of these factors raises the probability of bullish horizons. If #EGLD can maintain momentum at this level, we might witness a delightful upward surge.
💎 Our keen-eyed observations reveal that #EGLD has recently formed a double-top pattern, followed by a subsequent downward trend.However, there’s hope on the horizon. The price is now approaching the strong support level of $46.76, which coincides with the ascending trendline.The fact that the price has already respected this level twice, coupled with sustained upward momentum, suggests a potential bullish movement.
💎 As savvy traders, we’re always prepared for different scenarios. If #EGLD doesn’t rally as expected and this bullish setup falters, let’s keep our eyes on another critical level.Our Point of Interest (POI) shifts to the lower demand zone at $0.3467. A bullish rebound from this point could be in the cards.
💎 However, a word of caution: breaking below this point might signal a significant downward trend. Stay vigilant, adapt your strategies, and may the crypto winds be ever in your favor!
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.
EGLD - UPDATE
Contrary to the bearish scenario (short term) this is the bullish scenario suggesting that we might be seeing a slightly push in price to form a new high ending as a ABC #Zigzag for wave 5
PREVIOUS ANALYSIS
OTHER ANALYSIS
EGLD a Risky LongEGLD on a Verge of breaking Down.
Took a swing Risky leveraged long here from 60.60 with tight and flat stops at lows.
High RR if it holds.
If Holds here and rejects this can send higher fast.
Targeting 90 and 120.
Trades like this cannot be always right but can give an opportunity to trade more.
Note: Not a Financial Advice.
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.
Elrond (EGLD) Eyes $67 After Finding Support at $55Signs of bullish momentum after finding support at $55 in the daily timeframe. Currently trading at $62, and if it manages to close above this level, My prediction is a price target of $67.
HOW-TO: Accumulation Strategy 2024What if instead of buying a stock, crypto, currency only once and holding until we are in profit, we split our strategy capital and buy several times, until the total is in profit ? Yes, that is DCA you’d say. Ok, but what if instead of buying at predetermined intervals, we bought at oversold RSI, or on a double bottom, for example ? That’s the idea behind the Accumulation Strategy, which I’m going to explain in detail in this article.
█ Simple Example
The strategy comes with several features, and the easiest way to explain them is through examples.
The Max Active Deals input allows to limit how many times the strategy can trigger a buy in a trade, just like the pyramiding setting. It can go up to 100.
In this example, the strategy has 10 max active deals. and is using the RSI feature to buy when RSI crosses below a configurable threshold, here 25.
Note: to get stronger signals, the RSI time frame has been set to 1 hour, since the chart is in a 30 min time frame.
In this trade, the strategy bought 8 times (yellow arrows) before selling at take profit, but it could have bought twice more.
█ Take Profit Feature
Customisable in the input tab, this feature allows you to set one or multiple take profit(s). You can set the value in either %, pips, or Auto mode.
To create multiple targets, increase the Number of take profit and set the Step between each TP.
In our previous example, instead of just one, I set 3 TPs with 1% value and a step of 1. The strategy will sell progressively at a quantity split even at each take profit, until the last TP is hit.
Note: Using multiple take profit is often used to improve risk management in trading.
█ Built-in Entry Options
The strategy comes with several built-in indicators, such as the RSI that we’ve seen, but here’s the list:
MTF RSI cross, RSI divergences
MTF Stochastic cross
MTF Bollinger Bands cross
Top & Bottoms
Double Top & bottoms
Higher/Lower Lows/Highs
Custom External Entries
If you want to use ANY external indicator from the TradingView library and use it as an entry signal, you can!
For example, let’s use the Squeeze Momentum Indicator by Lazybear. After adding it to the chart, we select the first plot which is the histogram. Then we select the condition “crossover” and “0”. It will create a buy when the histogram turns green.
█ Trend Filters
In trading, we try to avoid going against the global trend.
The strategy comes with several built-in trendlines, MTF, or you can use ANY external trendline from the TV library.
The strategy offers other built-in filters such as volume, overbought in range/trending market, or flat market entry filters.
█ Stop Loss
The stop loss can be turned on/off. You can set the value in either %, pips, ATR or Auto mode.
Note: When to use a Stop Loss? Using a stop kind of defeats the purpose of the strategy, but it can be useful if you plan to trade highly volatile and risky coins (remember LUNA ?) That is why the option is there.
█ How to use the strategy
The indicator access is unlocked by subscribing on my website. See the links below this article.
█ Setting up a strategy
You can set up a strategy on your own chart in just one click using the preconfigured charts I will share below, or you can simply add the indicator yourself and play with the settings.
Backtesting
Backtesting is automatically done in the Strategy Tester Tab.
Creating Alerts
Once you have your strategy setup on the chart:
1 - Set the alert message in the indicator inputs (scroll to the bottom, you will find an “alert’ section)
2 - Save your chart and do not touch it anymore unless you want to update your alert (optional but recommended)
3 - Create an alert on Cyatophilum Accumulation Strategy, using the option “alert() function calls only” (this is really important!)
Only one alert is needed to handle all the strategy events! (entry, take profit, stop loss, etc.) Even a free TradingView user can create a strategy!
Automation
The subscription that I offer also comes with Automation bots using the Binance spot trading API .
Important: if you wish to automate your strategies, make sure your TradingView account has access to alert webhook notifications .
That’s it for this tutorial!
Pretty easy right? No, I know it can get complicated at first. 😣
That is why I make preconfigured charts. Once you have access, click on the chart link, then click “copy”, then “save” your “layout” to get your own chart that you can use and edit. Enjoy!
█ Preconfigured charts
BTC/USDT
Chart: www.tradingview.com
ETH/USDT
Chart: www.tradingview.com
BNB/USDT
Chart: www.tradingview.com
MATIC/USDT
Chart: www.tradingview.com
EGLD/USDT
Chart: www.tradingview.com
Fake gold euphoriaAmazing bull market type of consolidation on EGLD.
This one is called Elrond Gold. Meaning, another fake gold.
Absolutely bullish.
EGLD USDTEGLD 15-minute time frame: After a successful breakout from a zone marked in green, We could take entry after the candle closes above the marked zone. Always use stop-loss. Everything is on the chart.
Entry 63.75
S.L 62.18
T.P 66.45
EGLD Road Map🗺️!!! situation+next targets.Hi.
COINEX:EGLDUSDT
✅Today, I want to analyze EGLD for you in a Weekly time frame so that we can have a MID-term view of EGLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
EGLD has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $195 . The expected movement is measured as the price movement (AB=CD).
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EGLDUSDT.PHello Trader BINANCE:EGLDUSDT.P
valid falling wedge, has retested too, can be paid in installments for spot. take in the small support area because this chart uses a weekly time frame, range area 58.86 to be safe.
note: always install sl, feared not according to expectations because the swing high target is in the $ 200 area.
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
EGLD/USDT bullish journey what next? 🚀EGLD Analysis💎 Paradisers, keep your eyes on #EGLDUSDT as it's creating a stir in the market! With its sights set on a formidable resistance, we're on the cusp of a potential bullish surge.
💎 As we chart #EGLD's path, it has been moving through a descending channel but is now poised to rebound at $0.6212, ready to challenge that key resistance again. A successful breach could ignite a rally, pushing CRYPTOCAP:EGLD towards the resistance target of $.7699.
💎 Experienced #EGLD traders are familiar with the market's unpredictability. If our breakout attempt falls short, pivoting to a bullish recovery strategy from the support level at $0.5687 is essential to stay prepared for what's next.
💎 Should #EGLD drop below this crucial point, a strategic overhaul may be in order. Such an event would necessitate a reevaluation of our bullish outlook, calling for an updated approach to align with the evolving market dynamics.
$EGLDI'm in a short position in EGLD like this. And also waiting for the below, Weekly OB area for a long position.
Elrond (EGLD) Daily Breakout, Key Resistance in FocusElrond is currently hovering around a crucial resistance level of $74. A decisive breakout above this level could propel EGLD towards $84.
EGLD has been on an upward trajectory in recent weeks, buoyed by positive developments within the Elrond ecosystem. However, the token has encountered resistance at the $74 mark. A failure to breach this level could lead to a retracement down to the $70-$66 support zone.
Technical Analysis: The Relative Strength Index (RSI) is currently hovering around the neutral zone, indicating neither overbought nor oversold conditions.
My Opinion: I believe that a sustained breakout above $73-$75 is critical for EGLD to maintain its bullish momentum. If the token fails to surpass this resistance level, a correction towards the $70-$66 support zone is likely.
not financial advice.
EGLDUSDT - MultiversX - Bullish Flag EGLDUSDT CMP - 50.29 / Positional Trade
Buy At Current Price 50 / Strict Stop Loss 38
Target 1 - 73
Target 2 - 100
Target 3 - 125 +
Disclaimer: This is my view and for educational purpose only.
