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EGLDUSDT trade ideas

EGLD/USDT upward momentum? 👀 Elrond Today Analysis Paradisers, turn your attention to EGDLUSDT! Currently nestled within a demand zone, it's gearing u p for a bullish ascent, even amidst market volatility.👀 💎EGLD has established equal lows, secured liquidity, and addressed the bullish OB at its current level. This sets the stage for a potential explosive move upwards. 💎 Another intriguing observation: while the price trends downward, the RSI showcases a bullish divergence. This hints at a probable upward shift of Elrond in the near future. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
EGLD Technical AnalysisEGLD Technical Analysis Egld moving in falling wegde pattern, and yesterday egld has already tested the lowes low, CRYPTOCAP:EGLD can show a good price action relay if it can break out this fallig pattern, my expectation from egld is it will close above 60$ at the of the year. you might not see it again in the price range of 20$, the best buying is 23$-25$ you can mark sl at 20$, im not mentioning about the targets right now i'll tell targets if it gets breakout. I hope the Scenario i have plan will work this time. Do your own research.
by Beyoglu_Analyst
EGLD Entering Buy Zone AreElrond is one of the best project with fundamental out there, but here are our conclusion for the next few weeks: CRYPTOCAP:EGLD - $29.13 / 1W TF - Clearly still on the distribution - RSI indicate it may still going further down - Level for buy spot for the first time - Expecting it goes to go sub $20 - Ecosystem is developing and so far the track record is great. - Rebranding is kinda ⛳️ - Distribution has been happening for years now, and it close to the bottom until ETF approved. There will be no individual uptrend on this one…
Short
by sarjanacrypto
#EGLD/USDT 12h (ByBit) Rising wedge breakdownMultiversX just lost 50MA support and seems likely to continue with the local retracement down. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.5X) Amount: 5.0% Current Price: 34.15 Entry Targets: 1) 35.35 Take-Profit Targets: 1) 30.25 Stop Targets: 1) 37.90 Published By: @Zblaba CRYPTOCAP:EGLD #EGLDUSDT #MultiversX #Elrond #eGold Risk/Reward= 1:2 Expected Profit= +79.3% Possible Loss= -39.7% Estimated Gaintime= 2-3 weeks multiversx.com
Short
by TradingOn
Support and Resistance ScenariosOver the past month, EGLD's price has been on a decline. During this time, there was no significant demand seen at the midline support of the channel or the static support level at $33. Interestingly, this $33 range that previously acted as support has now turned into a resistance level. After the currency experienced a rising wave, it encountered resistance at $37 and has now retraced back to the previous support levels. Based on the current conditions of the currency and the overall market, analysts have outlined two possible scenarios. The first scenario is that EGLD finds support in the current price range around $31 and experiences a strong positive reaction that drives the price upward to the resistance level of $39. The second scenario anticipates a continuation of selling pressure, leading to the breakdown of the two support levels at $31 and $28, which could result in a further drop to around $25.5. In the latter scenario, analysts expect to see a strong reaction once again, similar to the previous support at $28.5, when the price reaches the $25.5 range.
by MonoCoinSignal
4
EGLDUSDT the price could have a pullbackEGLDUSDT is currently testing the monthly support level within the confines of a falling weekly wedge pattern. A falling wedge is a bullish chart pattern characterized by converging trendlines with the upper boundary sloping downwards at a steeper angle than the lower boundary. This pattern often indicates a potential bullish reversal when the price breaks out above the upper boundary. The current market conditions suggest that there is a possibility for the price to find new liquidity around the $31 price zone. This could occur due to a combination of factors such as historical support levels or psychological price levels that attract buyers to enter the market. Considering Plancton's strategy, a pullback to the 0.5 Fibonacci level is anticipated after finding new liquidity at the $31 zone. The 0.5 Fibonacci level is significant as it represents a common retracement level in technical analysis, and it is often considered a potential area for the price to bounce back from before resuming its upward movement. Additionally, the price has previously experienced a clear breakout of dynamic support, further reinforcing the significance of the 0.5 Fibonacci level as a potential support area. According to Plancton's strategy, based on the observed market conditions and price action, setting a long order at the anticipated 0.5 Fibonacci support level could be a favorable trade setup. A long order involves buying the asset with the expectation that the price will rise, aligning with the potential bullish reversal indicated by the falling weekly wedge pattern. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
#EGLD #MultiversX Long-Term Targets#EGLD #MultiversX Long-Term Targets Considering that Eagled currency has corrected 62% of its previous upward trend in the correction stages, we usually expect it to rise at least up to its previous ceiling in the next ascent. If we want to divide the rise of this currency into two parts of six months and two years, we can expect the target to touch $89 in the next six months. But for two-year goals, we can expect to reach at least one of the following goals: 180$ 270$ 460$ 980$ XX2500$ stop loss: close daily candle under 26$
Long
by KhaniTechnical
4
elrond EGLDUSDT Price Analysis (Weekly)📈💥 Greetings, traders and investors of @TradingView! Let's dive into the analysis of elrond! 🚀 Today, EGLDUSDT finds itself in a relatively low position after experiencing a massive crash from its all-time high (ATH) at $544. The price has plummeted by nearly 95% to the $30-35 zone, where it currently resides. 🔍 When examining the weekly timeframe, we observe a bullish divergence on the RSI indicator. This suggests a potential upward movement for EGLDUSDT in the coming months, signaling a possible shift in market sentiment. 📊 It's important to consider previous support and resistance zones. Based on these levels, we can identify potential target zones for bullish momentum. The blue box on the chart indicates a target range of $54-64, while the red box represents a target range of $80-99. However, we believe that reaching the red box target has a lower probability, so take that into account when planning your trades. 💡 As always, it's crucial to stay updated on market developments, monitor price action, and employ proper risk management techniques. Set stop-loss orders and adjust your trading strategies accordingly. 🔍 Feel free to explore our resources to enhance your trading skills: Education articles 📚📈 Curious about Bullish Divergence? Dive into our comprehensive article for a deeper understanding of this powerful indicator and how it relates to EGLDUSDT's current situation! 🚀📈 Read the Article Here ➡️ Happy trading! 💰🚀
by Vestinda
EGLDUSDT is testing the key levelsEGLDUSDT is currently in a critical phase as the market tests the lower trendline of the weekly descending channel. Additionally, it is also testing the monthly support level, adding to the significance of this price zone. T To witness a breakout from the current situation, it is crucial for the price of EGLDUSDT to be supported by substantial trading volume. This increased volume would indicate heightened market participation and interest, potentially leading to a bullish move. Specifically, the daily support area around $32.50 is an important level to watch. If the market manages to gather enough volume and buyers step in to push the price above this support level, it could trigger a potential breakout. This breakout would not only provide a short-term positive signal but also align with the trading principles advocated by Plancton, Traders following Plancton's rules would likely consider entering new long positions if the market satisfies the necessary criteria for a breakout from the aforementioned daily support area. This could signal the start of a potentially bullish phase, with the market aiming to reverse the downward trend and potentially retest higher resistance levels. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
10
EGLD/USDT - MultiversX: Failure_Swing◳◱ We've detected a Failure Swing pattern on the TSXV:EGLD / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 38.03 | 41.13 | 48.55 and the major support zones are respectively at 30.61 | 26.29 | 18.87. It is a bullish indication and we may consider buying at the current price zone of 33.13 and targetting higher levels. ◰◲ General info : ▣ Name: MultiversX ▣ Rank: 53 ▣ 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: 33.13 ₮ ▣ 24HVol: 2,632,355.797 ₮ ▣ 24H Chng: -2.415% ▣ 7-Days Chng: 1.58% ▣ 1-Month Chng: -10.25% ▣ 3-Months Chng: -21.64% ◲◰ Pivot Points - Levels : ◥ Resistance: 38.03 | 41.13 | 48.55 ◢ Support: 30.61 | 26.29 | 18.87 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -1.06 ▣ Last 90D: -1.45 ▣ Last 1-Y: -0.40 ▣ Last 3-Y: 0.82 ◲◰ Volatility : ▣ Last 30D: 0.64 ▣ Last 90D: 0.53 ▣ Last 1-Y: 0.68 ▣ Last 3-Y: 1.18 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is 0.83 - 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. ▣ 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 - affiliate link -
by Crypto2AF