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EGLDUSD trade ideas

#EGLD 's 207% Bullish Reversal –Catch the Wave Before It Surges! #EGLDUSD is showing a classic falling wedge pattern, hinting at a massive 207.84% potential upside. Currently trading at $25.80, the chart suggests a powerful breakout towards $53.40. With this high reward-to-risk setup, now might be the perfect time to position yourself ahead of the explosive move! ⚠️ All trading ideas are published with a time delay. If you want to follow the trading in real-time, please follow the link:
BINANCE:EGLDUSDLong
by S_CAPITAL
2
MultiversX (EGLD) fake bullish breakout, now seeks supportIt was a fake breakout, afterall. On September 28, I spotted a potential bullish breakout on CRYPTO:EGLDUSD - which ended up being a bull trap, sending the prices downwards. Right now, a two-month uptrend line is seeking support. It had a brief deviation in the form of a daily wick, unclosed. Again, this reflects the dominating bearish sentiment I see in my timeline, with bears getting very greedy. A breakout downward would intensify the negative sentiment and potentially fuel some panic selling. Resist, and we remain on the same page. Fundamentals are stronger than ever despite the PA, so I remain bullish in higher time frames. Lower time frames are uncertain.
CRYPTO:EGLDUSD
by vinibarbosa
MultiversX (EGLD) breaks out of a six-month downtrendMultiversX (EGLD) is breaking out of a six-month downtrend, with three subsequent lower highs since its $77.9 peak in March. The breakout occurred on September 27 and EGLDUSD now tests the R/S downtrend line in what could be a corrective move before the confirmation and bounce up. I'm looking at the daily chart here, looking for a mid-term trend shift validation. However, lower time frames, like the 4-hour chart, already hint of a successful break out, with the line holding strong after some testings. Here is what we see when zooming in: -ERROR UPLOADING IMAGE- Inside the downtrend formation, EGLD started a shortish-term uptrend, making higher lows until the higher time frame breakout. Then, it tested the downtrend line as support in four 4-hour candlesticks. Giving strength to the move. Validation here is a daily close above the line. I'll then target the S/R ZONE between $37 and $48. Play safe! - Despite the price action, MultiversX is one of the most-solid cryptocurrencies from a fundamental perspective. It has one of the most scalable infrastructures through sharding, being the first to fully implement sharding in a battle-tested environment. The chain has 100% uptime and very high security standards, like using native assets and implementing Guardian for a 2FA onchain extra security. The token, eGold (EGLD), has a fixed maximum supply of 31.4 million, with a fully dilution schedule by 2030. However, it can be even lower, as fees can replace emission if the chain is used enough. DYOR.
CRYPTO:EGLDUSDLong
by vinibarbosa
MultiversX (EGLD) Falling Wedge AlertMultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders. Key Technical Highlights: Pattern: Falling Wedge (Bullish) Current Price: ~$25-$30 Breakout Target: $80-$120 (Initial swing target based on wedge height) Long-Term Target: $500-$600 (Previous ATH from 2021) Time Frame: 12 months (swing trade target) Why this setup looks strong: Converging Price Action: Price action is tightening, with lower highs and lower lows inside the wedge, suggesting that a breakout is likely imminent. Volume Decline: A typical feature of falling wedges is decreasing volume, indicating consolidation before a potential breakout. RSI Divergence: RSI shows bullish divergence, adding strength to the argument that sellers are losing momentum. Strategy: Entry: Consider entering on a confirmed breakout above $35-$40 with strong volume. Stop Loss: Set below $20 for risk management in case of a failed breakout. Targets: Short-term: $80-$120 (based on wedge height) Long-term: $500-$600 (previous ATH in late 2021) This setup presents a promising risk/reward ratio for long-term investors looking to swing trade MultiversX. Keep an eye on key breakout levels and confirmation signals. This is not financial advice. Always perform your own research and trade responsibly.
CRYPTO:EGLDUSDLong
by STP_MrNodeItAll
MultiversX (EGLD) potential long at falling wedge breakoutMultiversX ( EGLD CRYPTO:EGLDUSD ) currently has a FALLING WEDGE chart pattern testing the lower-highs downtrend again amid a surging bullish sentiment in the crypto and stock markets following Jerome Powell's dovish speech at the Jackson Hole Symposium. I believe there is a short-term long-position opportunity if the bullish momentum sustains with enough volume and EGLD breakout from this pattern. Falling Wedge is a pattern with historically 70% bullish outcomes in finance markets. The swing trade targets the region between $42 (currently marked by the 365-day exponential moving average) and $51, an area of high short-selling liquidity. Potential returns from the breakout can go up to 50%. There is potential support at $29, marked by the 30-day EMA, but also at $28 and $25, at key levels with relevant buying pressure. The community has been pushing an #EGLDSqueeze movement on X that appears to be gaining traction. I've also been positioning myself in the project with a long-term goal, and I believe MultiversX has one of the most solid fundamentals in the cryptocurrency market today. It is the first blockchain to fully implement the sharding technology. As a pioneer, the chain benefits from battle-tested scalability, among other innovative developments, like on-chain two-factor authentication (2FA). The network has one of the largest validator’s node counts among its competitors, only closely losing to Ethereum (ETH). Additionally, the coin has a maximum supply of 31 million EGLD that transaction fees can replace as its usage increases. NFA.
CRYPTO:EGLDUSDLong
by vinibarbosa
ELROND current 1HR timeframe Bullish Head n Shoulders On the 1HR chart for Elrond, which I must point out is currently very thin volume, but I think this volume will pick up soon, you can see here on the 1HR that the H & S bullish pattern on 1HR price appears to be retracing & retesting the H & S setup zone near neckline. Possible Trade Idea: Scale in with some Buy small orders just in case it winds back to $25 when I believe it will start to really move up again. But this H & S pattern on the 1HR may be the momentum upwards it needs.
EIGHTCAP:EGLDUSDLong
by Easy_Explosive_Trading
RECENT BULLISH HEAD N SHOULDERS 1HR T/F....WEEKLY CHART BELOW On the higher timeframe you can see the sell-off in Elrond from 11 March 24. There is a recent bullish head n shoulders pattern on 1 hour time frame. But there's more! Apart from the big sell-off in recent months. There is stochastic divergence bullish on the weekly timeframe that commenced at the start of August and currently on the 4HR timeframe there is bullish stochastic divergence. Volume is very thin usually with Elrond. I scaled in with small margin & I might take it up to the next month when interest rates start reducing in the USA. This will not only be bullish for precious metals like gold and silver but also cryptocurrency imo. Have a top weekend.
EIGHTCAP:EGLDUSDLong
by Easy_Explosive_Trading
Why I Believe Elrond #EGLD is a Solid Trade Opportunity!Elrond #EGLD is currently positioned in a descending wedge pattern, a bullish formation often signaling a trend reversal. This chart pattern suggests that EGLD is approaching a potential breakout point, offering a compelling entry for traders seeking significant upside. Key Points Supporting This Trade: 1. Bullish Reversal Pattern: The descending wedge indicates that selling pressure is diminishing, while buying interest is gradually increasing. Once the price breaks above the resistance line, a sharp upward movement is typically expected. 2. Volume Analysis: Observing the volume, we can see a decline in trading volume within the wedge, followed by a spike as the price approaches the breakout point. This volume behavior aligns with a breakout scenario, adding confidence to the trade setup. 3. Strong Support Levels: The chart highlights a well-established support level around $29.09, providing a solid base for EGLD. This level has been tested multiple times, proving its reliability and minimizing downside risk. 4. Positive RSI Divergence: The Relative Strength Index (RSI) is showing bullish divergence, indicating that the momentum is shifting in favor of the bulls. This divergence often precedes a price increase, reinforcing the bullish outlook. 5. Favorable Risk-Reward Ratio: With a target price of $61.64 and a stop loss at $29.09, the risk-reward ratio is highly attractive. This setup offers a potential gain of approximately 73%, making it a lucrative opportunity for traders. In summary, the combination of the descending wedge pattern, volume behavior, strong support levels, positive RSI divergence, and favorable risk-reward ratio makes EGLD a promising trade. Stay tuned for the breakout, and let's capitalize on this potential upward movement! Happy trading! ⚠️All trade ideas are published with a time delay. If you want to follow the trade in real time, please follow the link to our open copy trading account on Binance. 👉Our account with open trading, and all our other resources at this link:
BINANCE:EGLDUSDLong
by S_CAPITAL
EGLD in daily chartHello If we want to count like this, there thousands of charts that let us do it, but we just need to focus on the best projects. I am not so good on fundamental and I just get clue from my friends and then take time and read about projects. I hope that I can establish a team to do that but now is so soon. EGLD is really tempting when I read its white paper and roadmap and this structure was wave I and II cycle (I hope so), so we just need to get that last confirmation. Thanks
EIGHTCAP:EGLDUSDLong
by AMA_FX
EGLD: The Sleeping GiantMultiversX has been in a bearish trend since late 2021. but I think the bearish trend ended after the price passed the red supply zone in early 2024. If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future. On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21 (the bottom of the wave 1). The EGLD's Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin & have done your research, you should consider it as a part of your portfolio. About the coin: MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.
CRYPTO:EGLDUSDLong
by MohamedSewid