Price looks solid on 1D timeframe as it has already swept previous low liquidity and candle closed above previous high. I have marked DEMAND ZONE area to keep eye for rebounding.

This retest should be powerful atleast for the first target.

EGLD Technical Setup Pattern: Falling Wedge Breakout Current Price: $4.12 Target Price: $5.75 Target % Gain: 41.94% EGLD is breaking out of a falling wedge pattern on the 1D chart with price reclaiming resistance and showing early bullish strength, structure indicates a potential trend reversal after sustained downtrend with continuation likely if breakout holds and volume expands Time Frame: 1D

EGLD / USDT is maintaining a strong structure, but we are expecting a move toward the $3.76 support level for a potential retest. If price shows a solid bounce from this zone, it could continue its bullish rally toward the $4 target. Watch this level closely, wait for confirmation of the reaction, and manage risk wisely before entering any position.

#EGLD has broken out of a falling wedge pattern 🚀 and is currently consolidating near the 4.011 level. This breakout is supported by increasing volume 📈, suggesting strong bullish momentum. The next target for #EGLD is around the 4.500 level 🎯. Breakouts from falling wedges can be powerful, but always manage risk with a stop loss. #EGLD #crypto #trading #altcoin

On the EGLD/USDT (1D timeframe) chart, we can clearly see a strong downtrend structure dominating for the past few months. Price continues to form lower highs and lower lows, indicating persistent selling pressure. Currently, price is testing a key area: a strong demand zone (3.95 – 3.65) highlighted by the yellow box. This zone has acted multiple times as a support level preventing further downside. --- 📐 Pattern Formation: Descending Triangle The current structure forms a Descending Triangle, characterized by: Lower highs (descending trendline) → increasing selling pressure Strong horizontal support at 3.95 – 3.65 → buyers defending this zone Decreasing volume → potential for a significant breakout 👉 This pattern is typically a bearish continuation pattern, but confirmation is still required. --- 🟢 Bullish Scenario Main trigger: A valid breakout above the descending trendline Daily candle close above the 4.10 – 4.30 area Potential targets: 4.90 (previous minor resistance) 5.50 (next supply zone) Additional confirmation: Increasing volume on breakout Successful retest of the trendline as support 📌 If this scenario plays out, it could signal an early trend reversal or a relief rally --- 🔴 Bearish Scenario Main trigger: Strong breakdown below 3.65 (key support zone) Daily candle close below that level Potential targets: 3.20 – 3.00 (next support zone) Possible continuation toward the psychological level at 2.80 Additional confirmation: Increasing volume on breakdown Failure to reclaim the 3.65 level 📌 This would confirm a bearish continuation of the descending triangle pattern --- ⚠️ Key Takeaways The 3.95 – 3.65 zone is the decision area Price is currently in a compression phase A breakout or breakdown from this range could trigger the next major move #EGLD #EGLDUSDT #CryptoAnalysis #TechnicalAnalysis #DescendingTriangle #BearishPattern #BullishBreakout #CryptoTrading #Altcoins #PriceAction #SupportResistance #BreakoutSetup #CryptoSignal

Breaking down the current SMC structure on EGLD 1H: HTF Bias: Bearish. The 4H is printing consistent lower highs and lower lows. Until we see a CHoCH above the last swing high, the higher timeframe favors downside continuation. Structure: Price broke structure to the downside (BOS), confirming bearish intent. This shift happened with strong displacement — not a slow grind, but a decisive move that tells us sellers are in control. Key Zone: There's an unmitigated order block sitting at $4.13–$4.15. This is the last bullish candle before the BOS — institutional supply that hasn't been revisited. First-touch zones like this tend to produce the strongest reactions. Liquidity: Clean below. No clusters of equal lows or obvious wick magnets acting as targets. This matters because it means there's less interference between the current price and the next structural level. What I'm watching: How price behaves when it reaches that OB. Does it show LTF displacement and a structure break on the 5M/15M confirming rejection? Or does it slice through with momentum, invalidating the zone? The structure tells us where to pay attention — what happens there tells us who's in control. This is structure analysis, not a trade call. Understanding where the key levels are and what the structure is telling us is the foundation — how you act on it depends on your own strategy and risk management.

#EGLD The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading for a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. A key support zone (in green) was found at 4.05, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 4.12 Target 1: 4.20 Target 2: 4.33 Target 3: 4.50 Stop Loss: At the resistance zone (in green) Remember this simple rule: Money Management. Any questions, please leave a comment. Thank you.

Entry : ~6.7 - 6.0 Stop and take profit in chart. Trade with caution. Good luck!

It appears that a diametric pattern has formed on the 4-hour timeframe, and we are currently in the late stages of wave G. The green zone is a good area for the completion of wave G, or at least the completion of part of wave G. The entry zone and targets have been marked on the chart. A daily candle close below the invalidation level would invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You