BINANCE:EGLDUSDT
EGLDUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout.
According to Elliott's theory, the double combo waves have ended and it means that the price can increase.
Also a bullish Divergence (RD+) on MACD which shows Positive Signs for EGLD.
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MultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders.
Key Technical Highlights:
Pattern: Falling Wedge...
The 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...
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BINANCE:EGLDUSDT
EGLD is forming a falling wedge on Daily timeframe , Up we go if we do breakout.
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MultiversX ( EGLD CRYPTO:EGLDUSD ) currently has a FALLING WEDGE chart pattern testing the lower-highs downtrend again amid a surging bullish sentiment in the crypto and stock markets following Jerome Powell's dovish speech at the Jackson Hole Symposium.
I believe there is a short-term long-position opportunity if the bullish momentum sustains with enough...
From where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed
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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...
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...
EGLD ~ 1W
#EGLD This is important support for $EGLD. and has the potential to form a double bottom-up.
We are starting to place small buys here for at least a 20%+ upside
Here’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 $82.25 marks a...
Currently EGLDUSDT is near the demand zone, where buys should be getting super active.
EGLD should be aiming for the preciously formed supply area, which represents 60% price increase from the current level.
The coin is moving to capture liquidity. We've marked buy zones for potential long entries. Plan exits in parts and move stops to breakeven. Don't forget about risk management and stay aware of BTC movements – market-wide drops could affect your trades.
Targets: 🎯
35.244$
35.854$
36.666$
Looking at the current EGLD/USDT chart, we see a fascinating technical landscape unfolding. First, let's discuss the support and resistance levels I've identified:
Resistance Levels (R1 and R2): R1 stands at $52.70, which has acted as a significant barrier since early 2023, and R2 is at $82.25, a level last tested in late 2022. These resistance points are...
#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
