E_PLURIBUS_UNUM

ELROND (ERD) Formed C&H Pattern...

Long
BINANCE:ERDUSDT   None
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Indicators&Signals
  • MACD started to crosses up signal line
  • Stochastic exit from oversold area
  • price forming a cup and handle
  • In handle,price reversing back from 50% fibo retracement
    While EMA50 was able to create a level of support,reversal ascending pattern of the three line strike can be seen
    potential targets show as the fibo extension
ABOUT ELROND
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake ( PoS ) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second ( TPS ), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.

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