Tolberti

Elrond EGLDUSDT - Bull Flag + Elliott Wave, BREAKING OUT!

Long
BINANCE:EGLDUSDT   EGLD / TetherUS
- Elrond is pumping hard recent months and this trend should continue!
- As per my Elliott Wave count, i am expecting one more 5th wave to the upside.
- Out profit target can be top of the trendline, 1:1 FIB or 1:618 FIB (conservative target 0:618 FIB)
- The price is currently breaking out of the bull flag on the daily timeframe
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- The blue trendline really should hold for continuation to the upside.
- If you want to see more of these ideas, hit "Like" & "Follow"!
Comment: The price is now below the main trendline, that's why the probablity of the trade decreased. I need to exit this trade as soon as possible!

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Comments

Post your questions, comments and related ideas about EGLD here. I look forward to your comments!
+1 Reply
@Tolberti, what's the best entry price
Reply
Tolberti deltachubibs
@deltachubibs, You can enter now, if you do not want to miss the trend. Or on a pullback.
+1 Reply
u good!
Reply
Tolberti mikichii15
@mikichii15, Great to hear that!
Reply
Good idea, thanks!
^_^
Reply
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