Elrond's low supply dynamics and good momentum ensure that the price will rise very quickly once the altcoin bull run is in full force.
In this chart, I've tracked Elrond chart on the log scale which allows us to chart the parallel channel which will take EGLD beyond $1000.
Till date, EGLD has witnessed a stupendous ROI since inception and if momentum holds, this should continue in Q4 2021 and Q1 2022.
If you plan to be on the long side of EGLD, current position in the channel provides an advantageous position. There is a short term rising trend (marked by green line) too for short term trades.
In this chart, I've tracked Elrond chart on the log scale which allows us to chart the parallel channel which will take EGLD beyond $1000.
Till date, EGLD has witnessed a stupendous ROI since inception and if momentum holds, this should continue in Q4 2021 and Q1 2022.
If you plan to be on the long side of EGLD, current position in the channel provides an advantageous position. There is a short term rising trend (marked by green line) too for short term trades.