TradingView
Crypto_Mercy
Mar 9, 2021 6:56 PM

Elrond is picking up next target 178$ Long

Description

Hi everyone.
EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart.

Most common target for this Wave 3 are :

-178.51$ / 161.8% fibonnaci
-196.11$ / 200% fibonnaci might play ABCDE :

-224.60$ / 261.8% fibonnaci
-270.69$ / 361.8% fibonnaci

Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$.
After that retracement liquidity should be moved to Altcoins.

Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$.
A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$.

Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know.
Best to you !

Comment

Follow this

Comment

Retracement possible to 141$ - 137$

Comment

CUP & HANDLE TO OUR TARGET

Comment

Comments
bogteo5252
Very good! Thanks for the update.
II-Cecchino
Awesome!!!
More