Hi 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...
On this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
RSI 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 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...
In the chart, you can easily see that every time EGLD reaches this trend, it immediately drops by 35%. I don't trust the trend line, because most of the trend lines are made to break, but it's better to be careful. ⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or...
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In recent weeks, the EGLD currency has continued its downward trend, persisting within the midline of the descending channel following its reaction to the resistance range of $48-50. Notably, there have been numerous price collisions with the midline of the channel, indicating a high level of interaction. Furthermore, the RSI (Relative Strength Index) currently...
EGLD confirmed the boundaries of the support area. The price bounced several times from the current area. I believe that the asset will bounce again from the support and will continue to grow.
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the EGLD symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
Price has broken up 200EMA on the 4H Timeframe. Trading volumes declined on the correction. The asset will continue to grow after it fixes above the resistance.
Elrond (EGLDUSD) hit today its 1W MA50 (blue trend-line) for the first time since April 2022. If it manages to close a 1W candle above it, it will be a major buy signal. On top of that, the long-term pattern appears to be an Inverse Head and Shoulders (IH&S), which technically is a formation that emerges on market bottoms. As a result, if we get that 1W candle...
Use proper risk management and Buy only in Spots EGLD is looking bullish and currently sitting on strong buy zone
🔵🐇 #EGLD/USDT 📍as you see price feed Res Liquidity much time and now i think we can reach around fresh liquidity magnet level as a new target for bullish move 🪄#EGLD Position Based On Fresh Liquidity and Order Blocks and Structures #eth #btc #bitcoin #ethereum #cryptocurrency #crypto #Trade #trading #Invest #Trader #Signal #forex #Scalp #altcoins #chart...
Similar to the setup of the BINANCE:DOGEUSDT breakout that I showed before (linked below) there is a potential breakout that could happen similar to the doge Target the 0.618, 0.786 and 1 fib channel levels as take profit targets Move SL to Entry at the first target! Example for the Doge play:
Technical analysis of egld: Friends, the harmonic bullish pattern is marked with targets. This analysis is valid until I give a correction analysis of Bitcoin. The main point is that the targets have been identified in this analysis and now it is not optimal for buying. Good luck Karim Heydari
Egldusdt Also Look Like Forming Inverse Head & Shoulders Pattern in daily Time-frame Expecting Massive Bounce in mid term Note : Always Manage Risk & Trade Ith Your Own Research
Im digging all of the confluence. Lets see where this one goes.