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EGLDWCRO_0FF70A.USD trade ideas

EGLD - MultiversX - Possible Bullish WaveEGLD - Never traded this coin but looks like an entry point is available. Fallen barely outside the Ascending Parallel Price Channel. Estimate of 3 weeks for recovery back to the dotted white average line inside the channel near $21.61 for a 35% possible gain. As you can see when Bearish SuperTrend is showing red it stays red for months but when it flips to Bullish Green it produces great gains. Was Descending for about 4 months before forming this current Ascending channel which started beginning of April.
COINBASE:EGLDUSDLong
by GoldenRule365
Bullish outlook for MultiversX (EGLD) | Eyes 40% to 100% surgeBullish outlook for MultiversX base token, egold (EGLD) Since April 25, CRYPTOCAP:EGLD has been trading above a key trend indicator — closing 27 days above the S/R 1D50EMA, with a 6-day deviance below that line. The 50-day exponential moving average has played a significant role for the token, indicating short- and mid-term trends and market sentiment for egold and the MultiversX chain. This current behavior signals strength and a rising positive sentiment. I wouldn't be surprise with a sudden run to each of the previous touching points: $25.5 and $37, making 40% to 100% from the current $18.2. Despite the targets, trading and closing all these days above the 1D50EMA marks a significant trend shift after nearly 5 months trading below this average (bearish), followed by a massive negative sentiment in the MvX ecosystem. Things are changing in a great timing with the Andromeda upgrade activation — the biggest release for MultiversX since the mainnet launch around five years ago.
CRYPTO:EGLDUSDLong
by vinibarbosa
EGLD - Some Coins Will Win, Some Coins Will DieEGLD Scrolling through Chat, this is another coin mentioned that Goliath either has bought or thinking to buy... This coin is one that has higher risk of death. Again this TA is on the 2 week chart, but notice that there is no bullish hammer as with ONDO, but only continuation of a very steep downtrend: Notice the high volatility whipsaw of the last bounce; its a retracement Golden Window failure. From there the trend has accelerated to the downside and that whipsaw appears to complete a 3 wave correction. That 3 wave correction appears to be a continuation pattern that connects the high time frame bear market downtrend form 2021 peak into the next wave down which began at the aforementioned whipsaw. ... On that basis we can use our ratio tools to project the depth of the current downtrend. So taking the extremities of the bear market as the first two pivots and the upper extremity of the continuation pattern as the third, will provide us with a correct "trend based fib-extension." Considering possible extension Golden Windows, this should not stop at the 1:0.618 Golden Window because that is a weak ratio that only occurs in a weakening downtrend. But as you can see on the chart, the trend is picking up pace in in this current wave down. So the minimum extension it will likely get to will be the 1:1 @$3.1. That would be a 76% haircut from current price and actually 95% loss from the whipsaw peak. In addition, if the trend does not shallow out and maintains this pace then more likely it will get to the 1:1.618 @ $0.42 before the next high time frame correction / reversal. ... This chart signals that this is a coin that may well maintain a perpetual bear market this cycle. It will be interesting to see what some of these ultra bearish charts do if crypto has a next wave up. If EGLD did somehow print a strong high time frame whipsawing bullish candle, then that could signal a selling climax into the start of a recovery. But it does appear that we may be passing through one of those moments that the winners are printing those bullish candles. And EGLD did not print one. ... This is a very dangerous game and these coins are constantly shifting gear. Some coins will perform well for a time and become very dangerous later on and vice versa... Some will be winners but others will die - just like MASK, LUNA etc 🤨. Not advice
BINANCE:EGLDUSDShort
by dRends35
Fundamental Analysis on MultiversX (EGLD | from $20 to $3,180?Fun experiment on crypto fundamental analysis — I asked Grok 3 AI to evaluate MultiversX (EGLD) [ CRYPTOCAP:EGLD ]. It was a long conversation with interesting outputs. MultiversX received an 8/10 score. For Grok, it's a top pick for building apps and for mid to long-term investing. I shared the complete results and logic in my account on 𝕏 ( vinibarbosabr ). You can find it at highlights , if you want. The conclusion is that, per Grok, CRYPTOCAP:EGLD could hit: Medium term (1 to 5 years): $10 billion to $30 billion market cap @ $318 to $955. Long term (5 to 10 years): $50 billion to $100 billion mcap @ $1,590 to $3,180. Now, let's dive into the analysis! In summary, Grok evaluated a list of objective and well-documented MultiversX attributes, giving it a score 8 out of 10. The AI said EGLD does not make a good short-term buy, due to poor price action at around $500 million of capitalization, while saying it is a top-pick for mid and long term fundamental investing eyeing a $100 billion market cap. From a tech perspective, Grok 3 agrees MultiversX is one of the most advanced blockchains to date. When asked if it would have MultiversX among its AI top picks to build a project, the answer was yes. First, Grok 3, one of the most advanced AI models to date, evaluated eight categories of blockchain fundamental analysis. MultiversX scored 7.875 on average, with the AI rounding it up to 8 out of 10 points. Scalability got a 9/10 score, considering the fully implemented sharding technology, transactions per second (TPS) capacity, and performance. With 30,000 current TPS on mainnet, a 263,000 TPS achieved on a testnet, and a theoretical capacity superior to 1 million TPS thanks to its adaptive sharding—increasing with demand—MultiversX is one of the most scalable blockchain networks. Decentralization got an 8/10 score, showing strong decentralization, but with room for improvements. The network has over 5,500 nodes, of which, 3,200 are active validators, losing only to Ethereum (ETH). Notably, MultiversX has a Nakamoto Coefficient of 9 for liveness, meaning nine entities have over 33% of all the nodes. Speed and Finality got an 8/10 score, with sub-second finality in the roadmap for 2025, currently taking 6 seconds. The improvement, according to Grok AI, would put EGLD transactions among the fastest layer-one (L1) blockchains. Security got an 8/10 score, with its proof of stake architecture, ESDT tokens being native assets, and onchain 2FA. Yet, the model warns against possible stake accumulation above the 51% threshold as a potential risk for the future. Which is the same risk for all blockchain networks’ security. Cost and Accessibility got a 9/10 score, due to approximately $0.002 cost per transaction, below the industry’s average. MultiversX tech stack also offers developers the possibility to offer gasless (no fees) transactions to the end user. Still in accessibility, the chain has one of the lowest hardware requirements for its capacity in the space, which also contributes to decentralization. Developer Experience (DevX) got a 9/10 score, with a top-down focus on development and a grassroots “build” culture. MultiversX offers familiar tools like Rust framework and WebAssembly, flexibility in programming languages, and a strong open source ethos. Comprehensive documentation and an active community further support developers, making it attractive for building applications and smart contracts. Ecosystem and Adoption got a 7/10 score, as a small ecosystem’s size and adoption relative to larger blockchains could limit its current reach and utility. Still, the ecosystem is growing, together with implementations and partnerships, having big names associated with EGLD. Economic Model (Tokenomics) got an 8/10 score, considering a capped EGLD supply, with full distribution by 2030. Moreover, Grok AI mentions a 30% network fees going to the developer of the used smart contract, incentivizing builders. All things considered, we asked Grok 3 AI what would be the ideal market cap for EGLD, MultiversX base token. Notably, Grok was considering a $565 million capitalization, ranked 95 in CoinMarketCap, trading around $20 per token. Based on fundamental analysis, a comparison with other leading blockchains at higher ranks, would put MultiversX among them, Grok said. This, however, looking at the mid and long term, as the market would need time to adjust accordingly. For the medium term (one to five years), the AI predicts EGLD could reach a market cap between $10 to $30 billion, positioning the cryptocurrency next to Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX). For the long term (five to ten years), Grok is even more bullish, siding MultiversX with Solana (SOL) and Ethereum. In this case, EGLD could reach between $50 to $100 billion market cap. In conclusion, Grok AI agrees that MultiversX is one of “the most technically advanced blockchain today.” It has achieved a remarkable fundamental analysis score and offers an interesting investment opportunity for mid and long-term investors. Furthermore, it features among one of the AI’s top picks of decentralized infrastructures to build applications and smart contracts. Nevertheless, investing is risky and fundamental analyses can often be complex and highly nuanced. Investors and builders should do proper research and due diligence before making important decisions. The short-term for EGLD is also risky, as mentioned by Grok in the analysis.
CRYPTO:EGLDUSDLong
by vinibarbosa
1
#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