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Crypto_Mercy
Apr 28, 2021 1:47 PM

Elrond EGLD to 24.78$ is that possible scenario ° Rising Wedge ° Short

EGLD / TetherUSBinance

Description

Ok i know a lot of people will not like this but i just want to share with you what i see on the logarithmic chart...It's just a scenario don't Panic... don't really like this Bart Simpson Head now... We all so have the bullish scenario with the cup & Handle.. but this can happen if Bitcoin is crashing... The eGOLD is forming a Rising Wedge for now.. The pole is bringing de eGOLD to the Golden Fibonnacci on the logarithmic 0.618 around 24.78$.
If i don't use the log mode the pole with is briinging the eGOLD around 0.9 or 0.85 it depend where the breakdown point will be.…which mean this would be a strong wave 2. Nothing sure yet but if the roof of the wedge is breaking.. be careful.. Take precaution.
Have a wonderful day.

Comment

not the Roof, the floor of the wedge, sorry for this error.

Comment

Comments
CryptoCabronOG
impossible. there's no more egld on exchanges. who and what's gonna sell? =)) we're trading. it's a market. not a fucking cartoon. I was following your ideas but this is total bullshit!
Crypto_Mercy
@CryptoCabronOG, we also make a Cup & Handle but we have to deal with both Scenario.
Not_ELMS
@CryptoCabronOG, +1! He was pessimistic about EGLD ever since Ive known him. Dont know whats wrong with him.
JVBelleca
@Not_ELMS, Yeah he is fud. I hope he stays away from making EGLD technical analysis.
Crypto_Mercy
@JVBelleca, fud, who was right?? ahahahaha!!
Crypto_Mercy
@Not_ELMS, you don't know me... but anyway i was right...
Not_ELMS
@Crypto_Mercy, No, technically you weren't "right". The whole market took -40%+ , and ELGD compared to other assets on the top 100 held pretty nicely. Gg anyways
Crypto_Mercy
@CryptoCabronOG, no chances????
CryptoCabronOG
@Crypto_Mercy, nope. time will tell tho, i don't have to prove u anything.
crs619
If BTC crashes, so goes the majority of the crypto market. I don’t believe BTC will drop below 47K and will see new all time highs in the near future. Time will tell, and if Elrond was ever to drop to $25, I’ll be buying it up with every expendable dollar I have. Cheers!
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