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EGLDUSDT trade ideas

#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.0% Current Price: 35.91 Entry Targets: 1) 34.56 Take-Profit Targets: 1) 48.29 Stop Targets: 1) 27.68 Published By: @Zblaba CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com Risk/Reward= 1:2.0 Expected Profit= +79.5% Possible Loss= -39.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
MultiversX to survive the crypto graveyard eventGuess this was a good one! She should skyrocket starting today and be one of the crypto survivors. Among those who won't be living more than a week or two from today: Matic, Ethereum, Solana, TRX, and many others. Expect major crackdowns in the crypto industry soon. This next few days is going to be either a trashing or a lifetime Christmas party. Here come the gains (and the losses lol). Happy trading fellers Note: XRP .55 - $200 Doge .10 - $25 BTC 55k - $80 (EGLD I'm not sure of, but expect gains like DOGE and XRP)
by Antizma
2
EGLD Price AnalysisThe EGLD daily chart presents a clear picture of a market in a downtrend, a descending trendline (Black) that has been consistently pushing prices lower since March 2024. This trendline, marked in red on the chart, serves as a dynamic resistance level, with the price making multiple attempts to break above it, but each time facing rejection. As the price approaches this trendline again, the market is at a critical point where a breakout could signal a potential trend reversal, while another rejection might lead to further declines. Above the descending trendline (Black) lies a significant resistance level at $32.85. The price has to break through from this level and the descending trend line for bullish moves. This area is very important for the price to break out because you can see there are 3 resistances at the same area. Descending Trendline (Black) $32.85 Resistance Level EMA 100 (Red) These 3 resistances making this are very important. There are many other important resistance levels and zones marked on the chart to watch closely. Previously these levels made a strong barrier against the price. On the downside, several key support levels could play a crucial role in determining the market's next move. The most immediate support is found in Green at $25.60 to $26.52 zone. This area has been tested multiple times and has held strong, making it a critical level for the bulls to defend. A break below this zone could trigger a deeper decline, possibly down to the next support zone (Yellow) at $21.72 to $22.47. This lower zone represents a long-term support area and could act as a final line of defense before a significant bearish continuation. If the price is hovering near the trendline without a clear breakout or breakdown, it might be prudent to wait for a more definitive move. This approach reduces the risk of entering a trade during a period of uncertainty. Overall, the EGLD is at a critical juncture, with the descending trendline and key support zones likely to dictate the next significant move in the market. Traders should monitor these levels closely, as the market's reaction to them will provide valuable insights into the potential direction of future price action.
by TheCryptoCity
EGLD Price Update & Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: EGLD failed to break above the 50 EMA resistance and was rejected. The current market price of $28.8 is trying to hold strong, but it will likely weaken if there's insufficient volume. The invalidation point at $26 is also a support trendline, and a close below this level will likely trigger a drop to the lower support level at $22.4. For EGLD to turn bullish, it must break the 50 EMA as it did in October 2023. Key levels: ~ Primary Resistance: 50 EMA. ~ Support: $26. ~ Target: $65 to $75. ~ Adjusted Invalidation Point: A breakdown and close below $22.40. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
EGLD ANALYSIS (2H)From where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed . Wave A, which was a triangle, is over and it seems that we are now in wave B. Wave B looks like a triangle. EGLD is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B). For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
EGLDUSDT Is a Major Move on the Horizon?Yello, Paradisers! Is #EGLDUSDT setting up for a major reversal, or are we looking at a possible extended downturn? Let's dive in. 💎Currently, #EGLD is forming within a descending channel, hinting at a potential downturn as it approaches a strong demand zone. This zone could be the catalyst for a significant momentum reversal, potentially setting up EGLD for a powerful upward move. If this scenario plays out, we could see EGLD targeting the supply zone first. 💎However, there's a key pivot point to watch—if EGLD fails to break through the supply zone and remains confined within the descending channel, the price might continue to move sideways, oscillating between the strong demand and supply zones. For a bullish continuation, it's crucial that EGLD breaks out of this range and moves toward the final target near strong resistance. 💎On the flip side, bullish momentum could be invalidated if EGLD breaks below the strong demand zone and closes the day beneath it. This would increase the probability of further downward movement, potentially leading to a deeper dip. Stay focused, patient, disciplined, and always keep your eyes on the prize. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Elrond (EGLD) Price Analysis✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the Elrond (EGLD) coin in the crypto market. 🗂 About the Project: Elrond (EGLD) is a blockchain protocol designed to offer fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, including fintech, decentralized finance (DeFi), and the Internet of Things (IoT). Its smart contracts execution platform is reported to be capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost. 📊 Weekly Timeframe Analysis In the weekly timeframe, Elrond (EGLD) has been showing significant downward pressure. The price has declined after reaching its peak and is currently testing crucial support levels. Key levels to watch: Resistance Levels: $51.49, $72.21 Support Levels: $23.49, $37.24 📈 If EGLD stabilizes above $37.24, a bullish momentum might build towards the resistance levels of $51.49 and potentially $72.21. Confirmation of this trend will depend on the price holding above these key levels. 📉 Conversely, if EGLD fails to hold above $23.49, it could signal a continuation of the bearish trend, with the next significant support level around $17.00. Volume analysis indicates significant selling pressure, which needs to decrease for a potential reversal. 📊 Daily Timeframe Analysis On the daily chart, Elrond (EGLD) has been struggling below the $28.02 level, showing a consistent downtrend. Key levels to watch: Resistance Levels: $28.02, $32.58 Support Levels: $22.53, $25.50 🧲 Given the current setup, a stabilization below $25.50 could indicate further bearish movements, potentially down to $22.53. However, if the price moves above $28.02, it could indicate the start of a bullish recovery, targeting higher resistance levels like $32.58 and $37.24. 📊 RSI Oscillator The RSI across different timeframes is showing oversold conditions, which may indicate a possible opportunity for a short-term rebound. The RSI levels range between 26.88 (daily) and 34.57 (weekly). A breakout from these levels could provide confirmation for opening positions. Conclusion 📉 Given the current bearish signals in the weekly, daily, and 4-hour timeframes, alongside oversold conditions on the RSI, it is advisable to proceed with caution. However, this analysis is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
EGLDUSDT.1DHere’s an in-depth analysis of the EGLD/USDT daily chart, observing various technical components that provide insights into the potential market direction. Key Technical Levels: • Resistance Levels: The primary resistance at R1 ($52.70) represents a significant level where previous price rallies have faced strong sell-offs. Above this, R2 at $82.25 marks a critical upper boundary that could indicate a more substantial bullish trend if overcome. • Support Level (S1): The chart shows crucial support at $22.60. This level is pivotal, as a drop below could signal a potential test of lower historical supports, impacting market sentiment. Technical Indicators Analysis: 1. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram displays a negative value, indicating bearish momentum in the market. This suggests that there could be further downward pressure in the short term unless a crossover to the positive occurs. 2. RSI (Relative Strength Index): The RSI hovers just below the midline at approximately 49.55, indicating a lack of strong buying or selling momentum. This positioning suggests a cautious market sentiment, where traders are neither overly bullish nor bearish. Price Trend and Market Strategy: • The marked downward trend from previous highs suggests a bearish sentiment has been dominant. However, the approaching support level at S1 will be crucial. A hold above this level could stabilize the price and potentially lead to a rebound towards R1. • Conversely, a break below S1 might exacerbate the bearish outlook, pushing prices towards more profound support levels. Trading Strategy: Given the current market indicators and price levels, traders might consider adopting a cautious approach. For those looking to enter the market, watching for a potential bounce off S1 with appropriate risk management could be prudent. Alternatively, should the price convincingly break below S1, waiting for stabilization or further decline to lower supports before taking positions might be advisable. In summary, the EGLD/USDT market is currently at a juncture where the next significant price move could be imminent. Traders should closely monitor MACD for any signs of a bullish crossover and the RSI for shifts out of the neutral zone to better gauge the market’s direction. This analysis should guide trading decisions, emphasizing vigilance and readiness to adapt to new information as the market develops.
Long
by MarsSignals