So, I ended up doing another realistic projection for one of my favorite projects Elrond Gold. The possibilities are endless with this project. However, with that being said I think the most realistic price prediction for EGLD for the end of this bull run is $800 - $1,200.
Why? Well First off let’s start off with what the Andrew pitchfork model is telling us. You have the outer blue areas of the model that are area’s that aren’t impossible to reach but somewhat unlikely, that same sentiment is vice versa with the inner median channels (yellow and green).
The bright green flag represents the best scenario as far as price for by the end of the bull run, if it ends in mid-December. The yellow represents a conservative scenario, and the red represents the worst-case scenario. The best-case scenario for EGLD within Andrews' Pitchfork Model is that for EGLD before the bull run is over, is that it peaks right within the yellow channel where the yellow flag is or outside of that where the green channel is.
This again, put EGLD around $800- -$1,200. This is the most likely scenario to play out because it seems as though EGLD right now is trading inside of an ascending channel. That Channel runs right in line with the yellow flag as well as the yellow channel and the small outer green channel. The expectation is EGLD to continue to climb.
Get this money, remember to take profits, and have an exit strategy!
Nice work man. Whats your exit strategy (if you dont mind me asking) im undecided what to do if it hits those levels… im staking at the moment… considered unstaking just incase I want to exit towards the EOY. Any way keep up the good work mate 🤙🏼
Nick.TkgProfits
⋅
@geordieincrypto, The strategy that I'm going with for this bull run, is that I'm paying attention to the RSI on a monthly time frame on the BTC/USD bitstamp chart. Each bull run in the past has hit a 90 and above RSI, then when it's like 94 or 95 it will dip signifying the beginning of the bear market, a 80% correction of the entire market will occur. As soon as that RSI hits 90 exact I'm selling all my assets, locking in my profits that i waited to long for. Then when the market corrects I'll have a lot more capital to buy back in at a cheaper price.
geordieincrypto
⋅
@nick.TkgProfits thanks Nick really appreciate you sharing your strategy. Enjoy the ride and wish you well. 🤙🏼