EGLDUSDT trade ideas
#EGLD/USDT#EGLD
Our price is moving in a bearish channel on the 12-hour frame and has just crossed it to the upside perfectly.
We have a bounce from the lower border of the channel from the green support area at 27.00
We have a tendency to stabilize above the Moving Average 100
Entry price is 27.00
First goal 34.24
The second goal is 40.00
Third goal 46.27
EGLD PriceEGLD token price attempting to sustain above its 20 day EMA mark and eyeing for a bounce ahead.
EGLDUSDT | Ready for Another Surge?Market Context
EGLDUSDT has been on a fantastic upward trajectory, and it looks like the momentum might continue! This could be a golden opportunity for a quick trade with an impressive risk-reward ratio of 4.5:1.
Chart Analysis
• Strong Upward Movement: EGLDUSDT has been climbing steadily, showing strong bullish momentum that could push it even higher.
• Bullish Indicators: Various technical indicators are aligning to suggest that this upward movement has the potential to continue.
Strategy
I’m diving in with a trade aiming for a 4.5:1 risk-reward ratio. This setup is all about capturing the next leg up in EGLDUSDT’s bullish run.
Action Plan
Setting my entry and watching closely. If EGLDUSDT keeps up its current pace, we could see some exciting gains. Buckle up and let’s ride this bullish wave together!
Good luck, everyone! 🚀💪
EGLD BULLRUN TARGETA scenario on a larger timeframe for EGLD looks like this: we're currently on a wave B (with the next targets for A marked in green). Following this cycle, i expect an upward move for wave B, but it won't reach a new ATH in this cycle
EGLD PlanEGLD appears promising at the current level. If it holds here, an upward movement is likely. Keep a close watch on it and always manage your risk effectively.
EGLD - UPDATE - WAVE 2 OR 4
Obviously price reversed halfway on us and now it is about to hit the stop loss but the remember the setup below on previous analysis.
Now that we didn't reach target for that long this clearly gives a sign that we are in some kind of wave C-orange of wave 2 or 4-yellow and to avoid unnecessary loss the stop loss will be removed and DCAed within the orange box since BINANCE:EGLDUSDT is bullish mid to long term.
Depending on you risk tolerance, we you believe this to be wave 4-yellow rather than wave 2 then your invalidation level (red dotted line) is around $28.7 area.
PREVIOUS ANALYSIS
OTHER ANALYSIS
The price is oscillating above the daily support at $27.5In the 4-hour chart of EGLD, the price is oscillating above the daily support at $27.5. If this range holds, we expect the price to move towards the level of $36. If the support is lost, the next support levels are indicated on the chart.
PROMO SEASON TIMING EGLDHi, traders, we follow the chart and different conditions matters, we are in a promo zone, buy and hold for profits, stay ahead of the game guys.
Tradehubng
EGLD's Situation: What Shall we Expect !!! BINANCE:EGLDUSDT
Produced the descending resistance on daily timeframe , Up we go if we do breakout.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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 4HConsider buying #EGLD once it breaks above the EMA21 on the 4H timeframe. The target levels are:
$34.80
$35.74
$36.68
$38.02
Support is around $31.76.
Long signal for EGLD/USDTThis technical analysis is based on the daily chart of BINANCE:EGLDUSDT on the Binance exchange. In this analysis, a price channel is drawn, and support and resistance levels are evaluated.
Price Channel Analysis:
The price is currently within a price channel ranging from 35.08 to 51.38 USDT.
The suggested entry point is around 38.38 USDT.
Entry and Exit Points:
Entry: 38.38 USDT
Take Profit: 51.38 USDT
Stop Loss: 35.08 USDT
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 3.72, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
EGLD is trying to breakout from the pennant.You can clearly see that EGLD is trying to breakout the pennant, with a bullish pattern.
Entry price: 40$
Target: 48.5$
Stoploss: 35$
$EGLD BULLISH FROM HERE !#egld/usdt is breaking out of a trendline on the 8-hour time frame🧐
An upward price movement is anticipated following this breakout✈️
BINANCE:EGLDUSDT
MultiversX (ELGD) upward squeeze is comingIn both the weekly and daily charts, EGLD is approaching significant upward momentum. While many other altcoins have already bullishly retraced to the 0.5 Fibonacci level, EGLD has lagged behind, making its movement more predictable. My current target is the 0.5 Fibonacci level, highlighted in green on the chart. The price is currently supported by multiple strong levels, such as the 0.618 Fibonacci retracement from the Q1 '24 upswing. Additionally, EGLD has broken out of a descending channel and is now retesting it. Notably, accumulation around this price point has been ongoing for nearly 750 days, reinforcing its stability.
$EGLD has a Trendline Breakout on 12-hour time frame.EGLD/USDT
CRYPTOCAP:EGLD has going to experienced a Trendline Breakout in the 12-hour time frame. 🔎 ⚡
After the breakout, the price will retested the trendline. 👀
The expected Bullish move could result in a price increase of 40-50%. 🚀 👨💻
EGLDUSD 1WEGLD ~ 1W
#EGLD this is the first support block holding the price of CRYPTOCAP:EGLD so far.
We placed our first purchase here, Target at least 15%+ from here
EGLD/USDT Preparing for an Explosive Breakout | Positive Signs👀💎Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up.
💎If #MultiversX stumbles and does not sustain the push from the $35.15 level, descending below, it may signal an ongoing bearish phase, leading to the next vital demand zone at $32.91. This level is well-known for its dynamic bullish recoveries, supported by substantial liquidity.
💎If CRYPTOCAP:EGLD revisits this zone, it’s imperative for the price to firmly rebound to preserve the support. Failure to achieve this could boost bearish forces, sour market sentiment, and potentially prompt a steeper price fall.
💎Keep your strategies nimble and your vigilance high, Paradisers. Your ParadiseTeam is closely monitoring and ready to guide you through the evolving dynamics of the #MultiversX market.
MyCryptoParadise
iFeel the success
EGLD (Last Leg Down Before Bulls Takeover)MultiverseX seems to be in the last bearish triangle that targets ~$30 before the bullish macro trend starts.
📈EGLD Analysis: The Impact of Ethereum ETF on the Market💥🔍Let's dive into today's analysis. Yesterday, the Ethereum ETF news was confirmed, but since it was already priced in, the market didn't rally. Instead, those who had bought in anticipation of an Ethereum pump started selling.
⚡️ Market Momentum
Currently, there is a bearish momentum in the low wave cycle (LWC), which could extend to higher wave cycles (HWC).
⛓ Coin of the Day: EGLD
Today's coin is EGLD, and the project behind it is MultiversX, a high-speed, low-fee blockchain utilizing Proof of Stake (POS). To ensure network security, you need to stake EGLD, earning annual rewards based on the transactions you validate.
📆 Chart Analysis
Looking at the chart, EGLD has been in a downtrend. However, for several weeks, it has been ranging between 37.42 and 45.31. The chart shows stronger bearish momentum as the price has repeatedly failed to reach the range's upper boundary.
📊 Volume Analysis
The volume supports the bearish candles, with sell volumes significantly higher than buy volumes. For opening a long position, I would wait for a reversal in volume trends, indicating that buying volume is entering the market.
📉 Short Position
The nearest trigger for a short position, which we are currently reacting to, is 37.42. A break and close below this level would be a suitable trigger for shorting.
✅ Short Target
The short target can be set at 31.06. However, a crucial support zone at 36.09, which once caused a false breakdown and a subsequent upward move, might cause a reversal back into the range. This zone is marked in black due to its unreliable nature.
📈 Long Position
For a long position, there are three triggers to consider based on your strategy:
1️⃣ 38.76 Trigger : Not for the 4-hour timeframe. For this trigger, switch to lower timeframes like 15 minutes for a scalping position.
2️⃣ 42.62 Trigger : This logical trigger can push the price to the range's upper boundary with a suitable stop-loss in a lower timeframe, offering a good risk-to-reward ratio.
3️⃣ 45.31 Trigger : This is the primary long trigger, marking the range's upper boundary. A confirmed breakout above this level can target 52.25.
🪄 My Strategy
Personally, for a short position, I aim to enter at the break of 37.42. For taking profits, I will monitor the market momentum and close the position once the bearish momentum ends. For a long position, I will not open a trade until significant buying volume enters the market. If appropriate volume is observed, I will use the 42.62 and 45.31 triggers to enter long positions. I avoid the 38.76 trigger, as it aligns with a reactive trading strategy that doesn't fit my approach.
📝 Conclusion
In conclusion, the recent news about the Ethereum ETF has not provided the anticipated boost to the market, highlighting the importance of technical analysis in making informed trading decisions. For EGLD, the current market conditions suggest caution, especially with the prevailing bearish momentum and volume trends. Traders should closely monitor key levels and volume changes to identify optimal entry and exit points. As always, maintaining a disciplined approach and adhering to your trading strategy will be crucial in navigating the market's movements. If you enjoyed this analysis 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.
🧠💼 It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis 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.
Looking to long EGLD here soon for a nice move up. Just waiting to see some good volume come in and this should be a good gain. Should get at least to $44 quickly with volume. Potentially much higher. Looking for good entries long for next week most likely. Also SUI, FET and ALGO I am watching closely. Looks primed for a quick bounce on the 4 hours but that's not the bigger play I don't believe.
PATIENCE IS KEY HERE. - Not Financial Advise
#EGLD/USDT#EGLD
The price is moving in an uptrend on a 1-hour frame and sticking to it well
We have a higher stability moving average of 100
We have an uptrend on the RSI indicator that the price depends on
Entrance price: 38.50
First goal 42.17
Second goal 44.84
Third goal 48.15
