The falling wedge integrates correction (ABC) tracked with Elliott Waves. The Breackout of the falling Wedge coincides with the simulation of the next Elliott wave (12345). A long forecast that seems more than feasible for Elrond also given the strong capitalization, the latest volumes and the work done by the support highlighted by point (C) of the correction (ABC). The STOCH chart seems to anticipate the onset of the price chart by forcefully exiting its Falling Wedge. The interest in the project is strong and the technology is excellent. In short, for me it is a good bull run coming up.
Comment
⋅
Bullish divergences ... we are waiting for the volumes to arrive