EGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation.
This favorable price action significantly heightens the probability of a 60% price surge in the...
At this point, I will be following the possible movements EGLD can make. I think the likely scenario will be to see the demand zone below (around $ 41).
If it cannot see enough demand in the demand area, I think it may hit the support of $ 39, which I have been thinking about for a long time. Therefore, I will set up accordingly.
EGLD need no introduction as its project promises unique features as well as its price skyrocketed due to increasing popularity. EGLD's corrective wave didn't dropped much, currently price resting at 0.382 Fibonacci level and been oscillating at this level for a while. Have to wait and see if price can break upward and start a new impulse wave or going down...
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...
Elrond (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...
💎 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...
Dillies 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.
I don't believe EGLD is going to go higher. Not just yet. I drawed the two options, one slightly better than the other, for the next 6 months. Right now, it is clearly rejected from previous S/R levels and from the 9 weekly moving average.
Based on the market data provided, the EGLD/USDT pair is currently in an overbought area as indicated by the high Relative Strength Index (RSI) values on the 4-hour and 1-day charts (86.25 and 88.89 respectively). This could possibly indicate a potential future price pullback.
The Moving Average Convergence Divergence (MACD), another momentum indicator, shows...
Anyone know?
Lovely breakout from this bullish wedge.
Price needs to make a higher high and then it's game on.
Enjoy the gains.
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Elrond (EGLD) has been the talk of the town lately, showcasing an impressive uptrend. However, as seasoned traders know, the real test of a rally often comes after a significant surge. In EGLD's case, the crucial level to watch is the $35 mark. Only after a successful retest of this level can we determine if the recent surge is sustainable. Let's dive into this...
Trade setup : Price broke back above the down trendline and above 200-day moving average ($32), which confirmed a bullish trend reversal to Uptrend. Then it spiked up to $50 resistance. However, price is now very overbought (RSI > 90!) just as it reached that $50 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend :...
Egld just tapped the weekly demand zone. I have bought a huge bag of egld and am bullish on it, looking for at least a 50-100% move here. The bottom has been made on the Egld coin.
Position yourself accordingly and manage your risk, Proper sl and targets are shared in the chart.
EGLD have this massive falling wedge on daily TF.... Wait for clear breakout and take long position after retest
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💎Paradisers, turn your attention to EGLDUSDT! We've observed it making a notable shift, retesting crucial support and gearing up for a bullish ascent. The break from its descending channel further amplifies this bullish sentiment.
💎 Currently, MultiversX is navigating within a descending channel, teetering on the edge of a breakout. When we align this with the...
