alanmasters

Elrond Ascending Triangle | 45%+ Possible On Bullish Breakout

BINANCE:ERDBTC   Elrond / Bitcoin
Elrond ( ERDBTC ) recently moved above resistance in the form of EMA100 and is now preparing for a strong bullish move.

ERDBTC had a consolidation phase of fewer than 2 months, taking less time than other altcoins before it started to move.

Now its price is above EMA10, EMA50 and EMA100, opening the door for massive growth if there is a follow-up move in the coming days.

  • We have a very strong RSI at 65.
  • The MACD is showing a bullish crossover and is looking good in general.

ERDBTC can easily grow here just like we saw with MATICBTC , one big green candle that pushes everything up just to be followed by a retrace that will end up in a higher low as the market continues to grow.

Looking at our previous chart for ERDBTC , we are at 70%+, let's take a look by clicking on the image below:
Namaste.
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