EGLDUST trade ideas
Bounce off support Zone with a Breakout from trendlineSend it! Here to help you reach financial freedom this bullmarket the easiest way to learn while you earn. Read our bio and check our previous ideas to learn more.
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This trade has a strong support Zone where the price continuously bounces from after touching. Then the tight consolidation supports this idea as it has broken out from the trendline!
• 👉 Leverage: 5x ISOLATED
• ⎿ Target 5 : 64 190.85%
• ⎿ Target 4 : 58 126.1%
• ⎿ Target 3 : 52 61.3%
• ⎿ Target 2 : 49 28.95%
• ⎿ Target 1 : 47.9 17.05%
• ⎿ Entry : 46.32 - 100%
• 🚫 Stop: 42.3 (-43.4%)
EGLD/USDT Range Break PossibilityTitle: EGLD/USDT Range Break Possibility
Bias: Neutral to Bullish
Description: EGLD trading in a tight range. SMA lines flat, suggesting consolidation. RSI neutral.
Direction: Potential upside if range is broken.
Entry: Break above $45.36 (24 SMA).
Stop Loss: Below $39.59 (range low).
Targets: $46.00 (range high), $50.00 (psychological level).
Caution: If price dips below $39.59, could indicate bearish trend continuation. Keep an eye on RSI for momentum changes.
🚧EGLD is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one
EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 93$!
🟡Summery:
-EGLD has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pennant is Visible on The chart!
-No break out yet!
-Next Target at 93$
🤑Stay awesome my friend.
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EGLD 1H - Break out soon?EGLD has reached the resistance zone near the breakout point, but the question is whether it will happen. Furthermore, there is evident buying interest at within accumulation zone, aiming to sustain and propel the price.
It requires a few hours to confirm this interest and also contingent on Bitcoin.
The buyer has the opportunity to accumulate more (for some days) before a breakout.
EGLD: Bullish PennantElrond (EGLD) technical analysis:
Trade setup : Price spiked up to $50 resistance, got very overbought (RSI > 90!) and pulled back. Now it’s consolidating in a Bullish Pennant pattern, which is a continuation pattern and typically resolves in the direction of an existing trend (in this case an Uptrend). In case of a bullish breakout from this pennant, price could revisit $55.
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $38 (previous support), then $28. The nearest Resistance Zone is $50, then $54.
EGLD/USDT bullish scenario? 👀 🚀 EGLD Today analysis💎 Paradisers, gear up to delve deeper into EGLDUSDT as it showcases a captivating trajectory, hinting at a heightened likelihood of revisiting its upward momentum after a recent rejection from resistance.
💎 EGLD recently faced a setback from the resistance at 29.32. However, the scales tip towards a probable bullish resurgence from the 26.35 level, with the presence of a bullish OB further bolstering this scenario. Another potential pivot point lies at the demand level of 25.49.
💎 The VRVP's pronounced volume at this juncture indicates that whenever the price approaches this level, a bullish surge is likely.
💎 While some novice traders might be tempted to short at this level, always remember to stay a step ahead, analyzing the market with a discerning eye.
EGLD Legit pump or gonna dumpDillies are great!
Time to prove its not a BS pump.
So going to be watching the retrace and depending on how it does, will look for an entry.
I will happily miss if leaves without a proper retrace.
Too risky with other assets being more technical.
This could maybe be an Elliott wave Ending Diagonal down W5 is sus.
MultiversX $EGLD Goes Bullish, Surges by Around +100% in a MonthCurrently, it is encountering horizontal resistance. A successful breakout retest above this resistance level would signal further bullish momentum. However, there's also the potential for a rejection at this point, leading to a possible scenario of downturn.