EGLDUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
EGLDUST trade ideas
$EGLD Looks Good for me Get to Know the Divergence Pattern, Here's the Explanation!
Types of Divergence
There are two types of divergence, namely Regular Divergence and Hidden Divergence. The following is an explanation for both types.
First, there are regular divergences which are signs to indicate a trend reversal.
There are two regular divergences, namely regular bearish divergence and regular bullish divergence.
Regular Bullish will occur if the chart price is in a lower low position and the indicator is in a higher low position.
This sign is an indication that a trend reversal or reversal, from a downtrend to an uptrend, namely bullish.
EGLD/USDT upward momentum? 👀 Elrond Today Analysis
Paradisers, turn your attention to EGDLUSDT! Currently nestled within a demand zone, it's gearing u p for a bullish ascent, even amidst market volatility.👀
💎EGLD has established equal lows, secured liquidity, and addressed the bullish OB at its current level. This sets the stage for a potential explosive move upwards.
💎 Another intriguing observation: while the price trends downward, the RSI showcases a bullish divergence. This hints at a probable upward shift of Elrond in the near future.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
EGLD bull(ish) chart August 2023Hi guys,
Looks like #egld is finding suport at the 25-28$ area. I'm expecting a bounce towards the 60$ resistance soon. If we manage to flip it into support the road to 125-130$ is unobstructed.
RSI went oversold on the w, should go to overbought next.
Fib retraceement level 0.382 sits in the 125-130$ area.
Be safe, happy hunting !
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.
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 $20
- Ecosystem is developing and so far the track record is great.
- Rebranding is kinda ⛳️
- Distribution has been happening for years now, and it close to the bottom until ETF approved. There will be no individual uptrend on this one…
EGLD GOING TO PUMPBIG PUMP COMMING, THE EGLD IS ON FALLING WAGDE A BIG DIVERGENCE
Big pump comming, the egld is on a fallwing wedge and big divergence
#EGLD/USDT 12h (ByBit) Rising wedge breakdownMultiversX just lost 50MA support and seems likely to continue with the local retracement down.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.5X)
Amount: 5.0%
Current Price:
34.15
Entry Targets:
1) 35.35
Take-Profit Targets:
1) 30.25
Stop Targets:
1) 37.90
Published By: @Zblaba
CRYPTOCAP:EGLD #EGLDUSDT #MultiversX #Elrond #eGold
Risk/Reward= 1:2
Expected Profit= +79.3%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 weeks
multiversx.com
EGLD Technical Analysis#egld long entry for Future and spot.
Long/buy CRYPTOCAP:EGLD 29.3-30.3$
tp1: 32.5$
tp2: 34$
stoploss: 27$
i'll provide more updates over this trade as wit will hit our entry price.
you guys can book your shiba inu trade, i have already mentioned when it hit first tp that i am holding it for quite long term.
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.
EGLD in the buy zone!!!EGLD is in the global buy zone 55.89-26.85
Local buy zone 37.08-21.06
Buy zone 32.76-25.84
Buy Level 29.10
A bucket of $23 (maybe backache)!
Volume price was 7.78
The one who has accumulated volume at this price is still holding it!!!
It follows that the price should be pushed well above the previous high!!!
EGLD And the Promising RewardHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 570 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target.
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.
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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 🦐
EGLDUSD ❕ declineRSI is moving in the sellers zone.
50EMA broke down through 200EMA on 4H TF.
Price has broken down through the 200EMA on the 30m TF.
I believe the asset will continue to decline after fixing under the support level.
#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$
#EGLD | #MultiversX Potential 6.6%#EGLD | #MultiversX Potential 6.6%
| Targets On Chart
Please note that Bitcoin is still particularly volatile so shorter term trades like this are at high risk. That being said it is lining up with a good bullish divergence we have broken up on the RVD and also broken the 50EMA all things are looking good.
EGLD Trading PlanHorizontal Supp/Res in yellow lines
Smaller Ascending Wedge for Short
Larger Descending Channel
Ascending 1hr chart RSI line
Egld is BackT1: 39
T2: 42
T3: 56+
Long term plan : Launching XMoney = 110$ / Egld
SL: 28$ and RR: 22$
Long time no see my old friend Egld.
My long term chart regarding EGLD. 100% accuracy :) ATH and ATL
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! 💰🚀
EGLD Long idea EGLD is swiftly approaching a significant resistance level, making it crucial for astute investors to closely monitor its movement. There is a potential for a bullish reversal, presenting an opportune moment for those with a keen interest in the market.
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 🦐
