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OpOsjaan
Jan 12, 2022 5:39 AM

$EGLD Elrond Daily Setup Long

EGLD / TetherUSBinance

Description

A potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time.

Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up.
However it is only a probability within current market environment, BTC might swing down and the setup invalidate.
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