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AlanSantana
Oct 31, 2019 7:09 PM

Elrond Back Above Resistance | 75%+ Possible If... Long

BINANCE:ERDBTC1D

Description

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Elrond (ERDBTC) is now trading above resistance once more... The main resistance we are talking about is 20 satoshis, if this level can be conquered (with a close of 21 satoshis or higher), ERDBTC is very likely to grow some more.

Our classic signals are now on display
  • MACD bullish cross.
  • Strong RSI.
  • Bullish TS Sequential
  • Trading above EMA10/50.


Conditions for change
If ERDBTC moves lower, you can expect additional consolidation (blue arrow).

If the last low is broken then more bleeding can happen... This is the less likely scenario right now, Elrond is bullish and getting ready to pop.

Namaste.

Comment

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TARGET:

1) 22 |Hit 31-Oct. (+29%)
2) 24 |Hit 4-Nov. (+41%)
3) 26 |Hit 5-Nov. (+53%)
*) 29 |Hit 5-Nov. (+70%)

Comment

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Chart analysis still valid.
Aiming for 35 satoshis mid-term.

Comment

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TARGET:

1) 22 |Hit 31-Oct. (+29%)
2) 24 |Hit 4-Nov. (+41%)
3) 26 |Hit 5-Nov. (+53%)
4) 30 |Hit 26-Nov. (+76%)
5) 33 |Hit 26-Nov. (+94%)
*) 35 |Hit 26-Nov. (+106%)
6) 37 |Hit 9-Dec. (+118%)
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysiselrondERDERDBTCalanmastersbinancebittrexaltcoinscrypto
Comments
CognitoBTC
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Fully agreed. Been waiting for ERD to finish long correction. I even expect it to touch 50 Sats in few weeks.
Setting target at within the range you have mentioned for now.
AlanSantana
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@CognitoBTC, This would be the short-term move... Longer-term I agree with you and can go much higher.

Thanks a lot for your continued support.

Namaste.
CognitoBTC
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@alanmasters, My Pleasure Sir
Faibik
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That’s my point of view..!!
thierrywise
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Big news With Samsung
AlanSantana
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@thierrywise, Mind sharing?
thierrywise
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@alanmasters, look Elrond’s Facebook page
AlanSantana
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@thierrywise, I see it... Thanks.
jromeo1984
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@alanmasters, Any update on this trade?
AlanSantana
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@jromeo1984, Done.
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