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EGLD / TetherUS

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EGLDUSDT trade ideas

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
✴️ Elrond Might Produce A 2nd Jump (141% - 299% Potential)Elrond (EGLDUSDT) has been doing good after the initial bullish breakout in late 2023. The retrace to test weekly EMA50 as support was a success and currently the pair trades strongly above all moving averages ... It can move fast when it does. The current session is trading at the highest level, to the upside, since December. This can signal that the pair might be ready to move. "Bullish continuation." These signals are supported by a strong RSI. ➖ If the market is set to move forward, this one is definitely one of those that will grow. ➖ If the market is set to retrace, this one right now still looks strong. Since it didn't grow massively in 2023, we can expect it to complete its initial wave in early 2024. There will be so much more long-term... My strategy? Buy and hold. Namaste.
Long
by AlanSantana
1
EGLD/USDT Bracing Bullish Shift from Support?👀 EGLD Analysis💎 Paradisers, focus on #EGLDUSDT, as it's showcasing a pattern that strongly suggests a bullish surge from its support level. 💎 #MultiversX is currently flirting with its resistance level, teetering on the edge of a breakout. It's nudging the short-term 0.618 Fibonacci retracement near $55.45 but has recently faced a setback at this fib level. 💎There's a chance CRYPTOCAP:EGLD might not sustain the initial momentum needed for a breakout. If so, we could see a downward consolidation before another crucial retest at our current support of $51.58. Once this level is firmly retested, we anticipate a significant upward movement.
Long
by MyCryptoParadise
1
EGLDUSDT → Growth may resume after the correction stopsBINANCE:EGLDUSDT is trying to finish the technical phase of correction and continue the global uptrend amid the realization of 2-year accumulation. Since the middle of last year, the coin was in hibernation, or rather in the consolidation phase. Formed a bottom, a narrow corridor allowed the formation of a strong support area. On the background of cryptocurrency market recovery, the growth of the flagship - bitcoin, EGLD revives, but at the same time forms trend resistance. On D2 the resistance is broken and for a few weeks the price forms a consolidation above the line, on H6 it is a descending range (correction). On the main chart we see an attempt by price to break the correction resistance. Consolidation of price above 53.45 will form a bullish potential that could resume the uptrend. Support levels: 53.45, 51.4, 47.11 Resistance levels: 60.1, 68.48 I expect the continuation of the global trend, but for this the bulls need to finish the correction phase, which is within the current descending channel. A breakout of the resistance and consolidation above this level will be a good signal BINANCE:BTCUSD CRYPTOCAP:TOTAL Regards R. Linda!
Long
by RLinda
2
EGLD Long EGLD has recently surpassed its previous high, signaling a breakout in its price action. Following this breakout, the market experienced a change in direction, marking another Breakout Setup (BOS). This confirmation of the high indicates a strong upward momentum, having cleared out almost all the inducements. Currently, there remains only one significant Inducement (IDM) level to overcome, which is positioned close to the confirmed low. If EGLD manages to reach this lowest IDM, it will enter what is known as the extreme Oder Block (OB) zone. This situation typically triggers a buy momentum as the market takes support from the established trendline, further strengthening the bullish sentiment. Overall, the breakout above the previous high coupled with the confirmation of highs and the potential for further momentum suggests a favorable environment for EGLD, potentially leading to increased buying activity and upward price movement.
Long
by Hettiarachchi1993
4
EGLD/USDT | MultiversX|1W 👀The project is based on finding a compromise among parameters like decentralization, security, and scalability (the trilemma). In a way, the project creators are reimagining blockchain architecture. I can't say I'm a big fan of the project and its ideas, but solving the blockchain trilemma is a significant task. So, if someone manages to achieve that, I want to benefit from it. I hold this coin in my portfolio and averaged it around $45, so my average is now around $50. I consider this a great long-term indicator. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of MultiversX. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #MultiversX #Investing #EGLD
Long
by Nyskohuz
EGLD Long RR:4.6Accumulation for two years from Jan. 2022 in the 38.12-69.64 channel with deviation down, then exit down into the 22.49-38 channel. 12 followed by a return, with a deviation upwards. At the moment the price has gone under the middle line and is in the channel of a pair of hourly levels 46.23-49.41 We are watching for the breakdown of the hourly channel up 49.41 and the daily channel up 51.63. Trading idea. RR 4.6 Medium term. Long. Entry with two orders in Long. Stop behind the hourly level 46.19. Takeout under the daily level 67.40. EP 49.08 AP 46.87 (additional EP) SL 45.65 TP 66.42
Long
by KirChan
EGLD/USDT Primed for Bullish Turnaround from Key Support? 👀🚀💎 Paradisers, #EGLDUSDT as it unfolds a significant pattern, nestled at a crucial support level, and hinting at a potential bullish upswing. 💎 Observing #Multiversx's recent activity, we've noted a trend of breaking to new lows, suggesting a prevailing bearish sentiment. However, a notable aspect is the potential for a bullish reversal from the critical support of $39.48. Achieving stability at this level could catalyze a strong ascent to counter the overhead supply. 💎 As savvy traders, we're equipped for a range of scenarios. Should #EGLD fail to materialize the expected bullish reversal, we might see a rebound from a secondary demand level at $34.97. A breach below this threshold, however, could signify a significant shift to bearish momentum.
Long
by MyCryptoParadise