$EGLD
I was hoping for many good things on #MultiversX . But due to the recent move I don't consider it bullish anymore.
Unless #EGLD passes $78; I think it targets below $10.
The confirmation of the bearish scenario is breaking $21.4
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$EGLD 💎
#MultiversX 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 at 30 with a stoploss below 21 the bottom of the wave 1.
The #EGLD Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin and have done your research you should consider it as a part of your portfolio.
About the project:
MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding Network Transaction and 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 100000 transactions per second 6 second latency and a 0002 transaction cost.
#MultiversX 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 at 30 with a stoploss below 21 the bottom of the wave 1.
The #EGLD Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin and have done your research you should consider it as a part of your portfolio.
About the project:
MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding Network Transaction and 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 100000 transactions per second 6 second latency and a 0002 transaction cost.
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