EGLD appears to be painting a promising picture for traders, showcasing a bullish ascending triangle pattern. But what exactly does that mean?
In the world of stock market analysis, an ascending triangle pattern typically signals a bullish continuation pattern. Here's the lowdown:
An ascending triangle forms when there's a clear upward trend in the price of a...
Obviously price reversed halfway on us and now it is about to hit the stop loss but the remember the setup below on previous analysis.
Now that we didn't reach target for that long this clearly gives a sign that we are in some kind of wave C-orange of wave 2 or 4-yellow and to avoid unnecessary loss the stop loss will be removed and DCAed within the orange box...
💎 The recent market dynamics surrounding #EGLD have indeed been quite notable.
💎 Currently resting on the support area, EGLD has historically demonstrated a tendency to bounce strongly when reaching this level, often leading to significant upward movements.
💎 There's potential for EGLD to repeat this pattern, and if it manages to break above the resistance,...
◳◱ On the $EGLD/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 59.32 | 64.45 | 73.55 and support near 50.22 | 46.25 | 37.15. Entering trades at 54.52 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: MultiversX
▣...
💎 Paradisers #EGLD is currently aligning itself along an ascending trendline. This trendline intersects with a critical support level at $46.76.The confluence of these factors raises the probability of bullish horizons. If #EGLD can maintain momentum at this level, we might witness a delightful upward surge.
💎 Our keen-eyed observations reveal that #EGLD has...
#EGLD
The price is moving in an uptrend on a 1-hour frame and sticking to it well
We have a higher stability moving average of 100
We have an uptrend on the RSI indicator that the price depends on
Entrance price: 38.50
First goal 42.17
Second goal 44.84
Third goal 48.15
Elrond currently hovering around a crucial support zone between $52 and $50 on the daily timeframe chart. I am closely watching this price action to gauge the token's next move.
Potential Bounce Back in Sight
If EGLDUSDT manages to hold above $50 , a bounce back towards $61 , which acts as a resistance zone, is a possibility. This bullish scenario would be...
Contrary to the bearish scenario (short term) this is the bullish scenario suggesting that we might be seeing a slightly push in price to form a new high ending as a ABC #Zigzag for wave 5
PREVIOUS ANALYSIS
OTHER ANALYSIS
Spotted potential 5 waves correction down towards the 61.8% fib level from ATH zone. Price bounced off from important fibonanci zone of 61.8%, and the resultant from this zone confirmed major bottom to be in.
Focus on Buy Back zone to accumulate.
EGLD on a Verge of breaking Down.
Took a swing Risky leveraged long here from 60.60 with tight and flat stops at lows.
High RR if it holds.
If Holds here and rejects this can send higher fast.
Targeting 90 and 120.
Trades like this cannot be always right but can give an opportunity to trade more.
Note: Not a Financial Advice.
💎 Paradisers, brace yourselves for an exciting opportunity to profit with #EGLDUSDT! It's gearing up for a potential rise from a pivotal level.
💎 Diving into #EGLD journey, it has been tracing a cup and handle pattern. Currently, it's testing a tough supply zone. A breakthrough above this zone, coupled with sustained momentum, could signal a robust bullish sprint...
Signs of bullish momentum after finding support at $55 in the daily timeframe. Currently trading at $62, and if it manages to close above this level, My prediction is a price target of $67.
What if instead of buying a stock, crypto, currency only once and holding until we are in profit, we split our strategy capital and buy several times, until the total is in profit ? Yes, that is DCA you’d say. Ok, but what if instead of buying at predetermined intervals, we bought at oversold RSI, or on a double bottom, for example ? That’s the idea behind the...
