Get started

Egldanalysis

EGLD/USDT — Descending Triangle at a Critical Demand Zone🔎 Overview The EGLD/USDT (1D, Binance) chart is currently forming a classic descending triangle pattern: Lower Highs are pressing price downward along the yellow trendline. A strong horizontal demand zone at 11.40 – 13.50 USDT has been repeatedly tested as support. Price is compressing toward the apex of the triangle → as the range tightens, the likelihood of a strong breakout or breakdown increases significantly. --- 🧩 Technical Pattern Details Descending Triangle → historically leans bearish, but can flip bullish if the breakout occurs with strong volume. Volume has been contracting, a typical sign of market indecision before a large move. Support Zone 11.40 – 13.50 → key demand area; losing this level may trigger a strong sell-off. Dynamic Resistance: the descending yellow trendline remains the critical barrier for bulls. --- 📊 Bullish Scenario Confirmation: Daily close above the descending trendline with strong volume. Upside Targets: First hurdle: 16.29 USDT Next: 18.20 → 20.85 USDT Mid-term if momentum expands: 33.48 – 38.67 USDT Reasoning: A breakout above a descending triangle often sparks a short-covering rally, leading to fast gains. --- 📉 Bearish Scenario Confirmation: Daily close below 11.40 USDT. Downside Targets: Immediate: 11.00 – 10.50 USDT Extension: 9.60 USDT (next major low on chart). Reasoning: Breaking a multi-tested demand zone confirms sellers’ dominance, likely triggering a continuation of the downtrend. --- 🎯 Strategy & Risk Management Conservative Approach: Wait for confirmation (breakout/breakdown) + retest → safer entries. Aggressive Approach: Long near the demand zone with tight stop-loss below 11.40 (higher risk due to bearish bias of the pattern). Stop Loss: Below demand zone for longs, above broken support (retest) for shorts. Risk/Reward: Minimum 1:2 R:R ratio to keep trades profitable over time. --- 🚀 Conclusion EGLD/USDT is at a make-or-break level. A breakout above the trendline could fuel a rally toward 18–20 USDT. A breakdown below 11.40 USDT opens the door to 9.60 USDT or lower. The market is compressing, and the next decisive daily close with volume will likely set the direction. This is a high-watch setup. #EGLD #EGLDUSDT #Elrond #CryptoAnalysis #TechnicalAnalysis #ChartPattern #DescendingTriangle #SupportResistanc #CryptoTrading #BullishScenario #BearishScenario
Long
by CryptoNuclear
1
#EGLD (SPOT) IN ( 28.00- 34.00) T.(180.00) SL(10.56)BINANCE:EGLDUSDT #EGLD / USDT Entry ( 28.00- 34.00) SL 1D close below 10.56 T1 52.00 T2 78.00 T3 100.00 T4 140.00 T5 180.00 ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA #TFUEL #HOT #AVAX #WAXP #OGN #AXS #GALA #ONE #SYS #SCRT #DGB #LIT #QI #FIL #GLMR #ATOM #LTC #MANA #ONT #TLM #SLP #ROSE #NEO #EGLD
Long
by Crypto_alphabit
EGLDUSDT.1DHere’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 critical upper boundary that could indicate a more substantial bullish trend if overcome. • Support Level (S1): The chart shows crucial support at $22.60. This level is pivotal, as a drop below could signal a potential test of lower historical supports, impacting market sentiment. Technical Indicators Analysis: 1. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram displays a negative value, indicating bearish momentum in the market. This suggests that there could be further downward pressure in the short term unless a crossover to the positive occurs. 2. RSI (Relative Strength Index): The RSI hovers just below the midline at approximately 49.55, indicating a lack of strong buying or selling momentum. This positioning suggests a cautious market sentiment, where traders are neither overly bullish nor bearish. Price Trend and Market Strategy: • The marked downward trend from previous highs suggests a bearish sentiment has been dominant. However, the approaching support level at S1 will be crucial. A hold above this level could stabilize the price and potentially lead to a rebound towards R1. • Conversely, a break below S1 might exacerbate the bearish outlook, pushing prices towards more profound support levels. Trading Strategy: Given the current market indicators and price levels, traders might consider adopting a cautious approach. For those looking to enter the market, watching for a potential bounce off S1 with appropriate risk management could be prudent. Alternatively, should the price convincingly break below S1, waiting for stabilization or further decline to lower supports before taking positions might be advisable. In summary, the EGLD/USDT market is currently at a juncture where the next significant price move could be imminent. Traders should closely monitor MACD for any signs of a bullish crossover and the RSI for shifts out of the neutral zone to better gauge the market’s direction. This analysis should guide trading decisions, emphasizing vigilance and readiness to adapt to new information as the market develops.
Long
by MarsSignals
EGLD/USDT Perfect bounce from the crucial area. Ready for upward💎 EGLD's market presence has recently captured significant attention. Following a robust bounce from the demand area, accompanied by the closure of the daily candle marked by a strong green signal, EGLD is currently positioned for potential upward movement. This development aligns with the trajectory towards our target within the bearish OB area, suggesting a bullish inclination. 💎 However, should EGLD struggle to maintain its upward momentum and regress back to the demand zone, it becomes imperative for it to hold and bounce back from this level. Failure to do so, signified by a breakdown of this area, could critically disrupt the bullish trend. 💎 In such a scenario where EGLD fails to uphold the demand area, the likelihood of a downward movement increases, potentially leading EGLD towards the support area. This shift would mark a significant transition from bullish to bearish tendencies, demanding careful market analysis and strategy adjustment.
by MyCryptoParadise_Nathan
2
EGLDUSDT.1DBased 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 positive values on the 4-hour and 1-day charts, indicating a bullish trend. However, the 7-day MACD shows a negative value, suggesting that the longer-term trend may be bearish. In terms of the Bollinger Bands (Bb), the current price is closer to the upper band on both the 4-hour and 7-day charts, which could indicate a downward price reversal in the short-term. The support and resistance levels indicate the price levels that the asset has trouble moving beyond. The closer the current price to a support level, the more likely it is to bounce back up. Conversely, the closer the price to a resistance level, the more likely it is to bounce back down. Given the current price of EGLD is 47.32, it is closer to the first resistance level on the 4-hour, 1-day, and 7-day charts, suggesting that it might face downward pressure. In conclusion, while the EGLD/USDT pair shows a bullish trend in the short-term, the overbought RSI values and the position relative to the Bollinger Bands suggest a potential price pullback. Moreover, the negative MACD on the 7-day chart indicates a possible bearish longer-term trend. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops. This analysis is based solely on the technical indicators provided and does not take into account fundamental factors or broader market conditions which could also affect the price.
by MarsSignals
EGLD MultiversX top buying zonesHi everyone, here's a scenario for EGLD that, let's say, takes a hefty beating. Unfortunately, EGLD has opened a door to one. Sadly, this scenario could pave the way for a downward impulse in this Main Zone Z (in blue). Essentially, the Z's can do anything. The strongest structural supports are found at $24.66, $21.12, $19.70, $10.36, $9.18, and $7.33. The pole of the LARGE M Pattern formed points to $7.83. We also have the fibs that position the Z around $20, $10.87, $7.52, or $4.03. I really like the potential zone ranging between $10.36 and $6.30 if the 19.70$ doesn't hold. Liquidity is currently "manageable," but stagnant. Interest rates are high, and inflation is fluctuating. This could impact risk assets in the coming months. The consumer price index continues to rise, with an increase of 22% over the last five years. The Fed's reverse repo facility is a good indicator to monitor the Fed's monetary policy. It is currently declining, affecting liquidity in the financial system.
BINANCE:EGLDUSD
by Crypto_Mercy
Elrond bear market bottom to 36.50$ or 20$Hey everyone, E wave inside ABCDE in yellow was a FLAT ABC trap. Egold only have 2 MA's, 3 Months MA9 at 112.70$ and 5 months MA 7 at 108.65$. Losing this can easily bring the eGOLD on next strong support which is 85$. I see Elrond is this Grand WXY in Blue. 2 top bear market log fibs are 0.382 which is 36-37$ for Elrond, and logo 0.30 at 65.50$ but weakest altcoins sometimes drop to log 0.5, its around 16$ -18$ for the eGOLD. Its a possibililty but less probable than36$ in my opinion. Best to you !
BINANCE:EGLDUSDShort
by Crypto_Mercy
2