💡Trade Idea #EGLD/USD:#MultiversX is right now inside the accumulation/consolidation channel ⏳ I believe we gonna stay here for the whole week, but who knows. This market is 24/7. Wherever it goes, I go.by planfomo12
Egld & longAfter completing the beautiful pattern, Butterfly, and finding support in the chromatic trendline, it continued its upward trajectory. It was anticipated to extend its upward move within the range of its 0.618 Fibonacci ascentLongby webmoney13543
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.Longby KeylessCryptoUpdated 5
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.Longby altFINS2
EGLDUSDTEGLD has a beautiful momentum. It's ATH was 500 something and now it seems demand zones are quite strong. Mid-term strategyLongby Malthus-JRUpdated 1
Scalp longScalp Long, it's at support, simple support and resistance trading, nothing special.Longby Michael_Carella1
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. Longby MyCryptoParadiseUpdated 7
EGLD dip! Let's see if it holds.After this insane move, it's now dipping down to support. Let's see if it holds. Fantastic RR here!Longby NatetheGreat862
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. Longby CryptoKnee2
EGLD BearishFormed Bearish Divergence and printed it's first LH and LL. Looking good for a short entry and is in the range of break point. Manage risk and enjoy the trade. Thank you Shortby aarishpasha8341
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.Longby DEXWireNews6
EGLDEGLD Promising for a move! This is a general idea of a possible next move! Find your Entry! Set your stoploss! Have your money Management! Two target identified!Longby Seahawks_Updated 19
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 MarsSignals1
EGLD/USD - WHY IS EGOLD PUMPING?Anyone know? Lovely breakout from this bullish wedge. Price needs to make a higher high and then it's game on. Enjoy the gains. Like and follow for more TA!Longby DU093
EGLD's Impressive PUMP: Wait $35 RetestElrond (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 vital aspect of trading. 📈💡 The Spectacular Rise: EGLD has been on a stellar run, attracting attention and enthusiasm from traders and investors alike. The surge has been nothing short of remarkable, leaving many to wonder about its longevity. The Importance of Retests: In trading, retests are critical as they help confirm the validity of a price movement. A successful retest of a key level, such as $35 in EGLD's case, can act as a strong signal that the recent rise is genuine and sustainable. Patience During Pumps: It's a common pitfall for traders to jump into an asset during a pump, often fearing they might miss out on further gains. However, the wise approach is to exercise patience and wait for a retest. This discipline can help avoid entering at the peak of a price movement. Trading Strategy: Observation: Keep a watchful eye on EGLD's price action, particularly around the $35 level. Patience: During times of excitement and rapid price surges, resist the urge to FOMO (Fear of Missing Out) and wait for a retest to confirm the rally's strength. Risk Management: Implement robust risk management practices, including setting stop-loss orders, to protect your positions. Conclusion: EGLD's remarkable surge is an enticing development, but prudence is key in the cryptocurrency market. A retest of the crucial $35 level will help determine if this surge is here to stay. As you navigate the exciting world of crypto trading, remember that patience and a keen eye for key levels are your allies. Stay informed, trade wisely, and may your strategies lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑by AlexWhale6
EGLD: Overbought at ResistanceTrade 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 : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $28 (previous support), then $22. The nearest Resistance Zone is $38, which it broke, then $50.Longby altFINS4
EGLD/USDTThe Downtrend seems to have tapped out and Buyers are beginning to get momentum and taking control of the market. My Full Target is 87$ although I do have a Take profit at 53$. I am focused on the high timeframe.Longby MarketAlchemistUpdated 4412
ELGD SHORTExpecting egld going down after taking liquidity SHORT ENTRY 53 SL 55.72 TP1 47.5 TP2 43 TP3 36.85 Shortby ss7280753
EGLD HUGE BOUNCE INCOMINGGGGGGGGBe ready to buy EGld around 27-31 levels. Weekly support a very very strong bounce incoming .Buy the dipLongby TJDEUpdated 4410
EGLD USDT is ready to make a bullish move. 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.Longby TJDEUpdated 15
EGLDUSDT IDEAHello Trading view Family / Fellow Traders. I hope you have used and benifited from the previous analysis . In today trading session we are monitoring EGLDUSDT for a buying opportunity... EGLDUSDT UPDATE Egld hit our target after break out. Moving As Expected Running In 90% Profit so far ✍️Longby ATradeSniper443
✴️ elrond 333% Bullish Wave Mapped | #1, #2 & #3 ExplainedThe market has periods when its behaviour is quite hard to predict, it goes "sideways" with erratic moves to one side or the other, one can never know for sure if the next move is a breakout or down, a higher high or lower low. Then there are periods when the market behaviour is easily predictable. Once we can confirm we are in one of those periods we can know with a high level of certainty what happens next, these periods are what we call trends. On the left side we have a downtrend, easy to see. Lower highs and lower lows. We are in the process of entering a new uptrend now based on the high volume, bullish indicator and rounded bottom. In an uptrend we will see higher highs and higher lows. Then we have the "mirror image", if the decline on the left side was steep, we can expect the rise to behave in similar ways. We can expect a strong wave up (#1), then a medium-term correction (#2) followed by additional growth (#3). The bear market but in reverse. This is a simplified version of a bigger picture but I hope it gets the message across. I can see Elrond (EGLDUSDT) producing 333% in the initial wave. Namaste.Longby AlanSantana2226
Analysis of EGOLD/Tether Pair on Binance (1W Timeframe)The chart illustrates the price action of EGOLD against Tether on the Binance platform, observed on a weekly timeframe. Observations: Historically, EGOLD experienced a significant rally reaching an all-time high (ATH) near the $545.25 level. Following this, there was a retracement with the price finding support around the $50 mark. The Fibonacci retracement levels are distinctly marked, highlighting potential resistance and support areas. The price is currently in proximity to the 0.236 level, valued at approximately $126.55. A descending trendline is evident. A bullish reversal would necessitate a definitive break above this line. The chart includes the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators. Currently, the RSI sits within a neutral range, while the MACD portrays consolidation, absent of a clear bullish or bearish divergence. Short-Term (Scalp) Targets: Immediate resistance is pinpointed at the 0.236 Fibonacci level ($126.55). A break above this could lead to targets at 0.382 ($184.51) and subsequently, 0.5 ($231.01). Long-Term Targets: For the asset to indicate a sustained bullish momentum, it would need to surpass its previous ATH. Beyond this, the extended Fibonacci levels suggest potential new ATH targets: 1.618 level would place the price at around $880 (approximation based on the current chart's scale). 2.618 level could see it reach around $1,400. 3.618 level might elevate it to near $1,920. Breaking above the descending trendline and consistently staying above the indicated Fibonacci levels would hint at a potential move towards these new ATHs.Longby kargaaUpdated 229