The EGLD currency is at the bottom of a descending channel in which it has been moving for more than 1200 days. Positive divergences are observed on the MACD and RSI, and in my opinion, it could move towards the midline and then the upper range of the channel if it breaks its downward trendline. What is your opinion on this?

Elrond could be grow up to zone level It has been a long time in price correction and decline

EGLD has been on my radar for quite some time... After forming a major low in April and rallying back toward the $22 zone, the coin pulled back again — effectively confirming that level as strong support. By the end of September, price revisited the $12 area for the third time, and once again buyers stepped in decisively, triggering a solid rebound. Now, EGLD trades around $14, sitting just below a falling trendline that has capped upside momentum for months. ________________________________________ Technical Outlook • Support: $12 (triple-tested, major demand zone) • Resistance: Falling trendline around $14–15 • Soft target: $22 (key resistance and prior reversal area) ________________________________________ My Trading View Given the strength of this repeated support and the contracting structure, I believe this trendline resistance is likely to break soon. If momentum follows through, EGLD could accelerate sharply to the upside, mirroring past explosive moves. The setup remains constructive — buying dips above $12 could offer a strong risk–reward opportunity heading into the next leg higher.

#EGLD is trading within a descending triangle on the daily chart. In case of a breakout above the triangle resistance and the daily SMA50, the potential targets are: 🎯 $15.20 🎯 $16.19 🎯 $17.17 🎯 $18.58 🎯 $20.37 ⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

EGLDis Getting Ready For a Rally BTC reached a new all-time high over the weekend. Chances are very high that it could be followed by altcoins as well. On the other hand, most Altcoins are positioned for another one. EGLD has a lot of potential. The price has already broken out of a pattern where it had been accumulating for about 3 weeks. The red zone near 13.35 is holding the price strong so far. I expect an upward move soon, followed big movement. Main Targets: 15.30 16.30 18.00 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

#EGLD UPDATE EGLD Technical Setup Pattern: Bullish falling wedge pattern Current Price: $27.60 Target Price: $43.20 Target % Gain: 56.52% CRYPTOCAP:EGLD is breaking out of a falling wedge pattern on the 1D timeframe. Current price is $27.60 with a target near $43.20, showing about 56% potential upside. The breakout confirms bullish momentum, suggesting possible continuation if volume sustains. Always use proper risk management. Time Frame: 1D Risk Management Tip: Always use proper risk management.

🚀 Technical Analysis Summary: EGLD has successfully completed a textbook inverse head and shoulders pattern, signaling a strong bullish reversal after an extended downtrend. The neckline breakout is imminent and could ignite a significant upside move. 📈 Accumulation Zone: Price has consolidated within a well-defined range over the past several months, forming a large accumulation base, which typically precedes a strong bullish rally — especially when whales and smart money are involved. 🧠 Prediction Using AI Models: Our internal LSTM-based model projects an initial price target of $30 post-breakout. If EGLD manages to flip the $30 resistance into support, the next leg could take us to $70, especially under strong liquidity inflow and market-wide bullish sentiment. 📊 Key Technical Indicators: MACD: Bullish crossover forming — momentum shift confirmed. RSI: Turning upwards from neutral zone (~50), suggesting early momentum. Volume: Gradually increasing on upswings — signaling smart money activity. 💡 Trade Setup: Entry: Current zone ($13.90–$14.20) upon breakout confirmation Stop Loss: Below right shoulder ~$11.80 Target 1: $30 Target 2: $70 (with volume expansion and market confirmation) 📉 Risk/Reward: Highly favorable (~1:5 or more if held to $70). 🧠 Strategic Notes: Strong weekly and monthly resistance near $30 — watch for reaction. If we observe a volume spike + RSI breakout above 60, it confirms bullish continuation. This idea aligns with historical behavior of EGLD following major reversal patterns. 📬 Exit Strategy (if expecting parabolic move): Sell 25% at $30. Sell another 25% at $50. Keep 25% for $70. Last 25% trailing stop-loss or exit at overbought RSI divergence.

EGOLD is consolidating at support, with traders closely monitoring the $11.47 level. A sweep here could fuel bullish expansion toward $20, while a breakdown risks further correction. Introduction: EGOLD’s prolonged consolidation has placed the spotlight on its key swing low at $11.47. How price reacts around this level will determine whether a bullish reversal unfolds or a deeper correction takes hold. Key Technical Points: - $11.47 is the critical swing low level. - A liquidity sweep opens potential for bullish expansion. - Breakdown below $11.47 could trigger a deeper correction. Price action has been consolidating, with multiple retests reinforcing $11.47 as a major decision point. A wick through this swing low could act as a liquidity grab, fueling a bullish impulse toward $20. On the other hand, a decisive close below this level would confirm bearish continuation. Market participants should be cautious, as consolidation near such a critical swing low often precedes high-volatility moves. What to Expect in the Coming Price Action: If EGOLD can hold above $11.47, a bullish push toward $20 is possible. However, failure here could deepen the correction significantly.

The EGLD currency is in a triangle pattern. I think the targets are clear with an upward breakout.

📊 CRYPTOCAP:EGLD Market Update CRYPTOCAP:EGLD has formed a bullish double bottom 📈 👉 If it breaks out the red resistance zone 🔴, the first target will be the green line level 🎯