ERD has been very bullish but I think there might be a deeper correction (it's 100% natural). Bearish pennant on the sight. No FUD, but take it as an opportunity for accumulation - I call for $0.0175.
With the Maiar app opening up to the first wave in just a couple of days, I think the FOMO will invalidate this chart (or better yet, if a drop happens, it wont be as low as $0.0175 and a bounce will follow soon after), as social media will be taken by storm with reviews and screenshots. But that's just my opinion. Accumulation opportunities are extremely nice for long term holders, but the context matters as well. I strongly believe that each analysis should also take into consideration the upcoming releases/announcements of the project (regardless if we're talking about Elrond or anything else).
Nice to see your analysis though. Keep it up.
TradeWithBravo
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@CryptoDarkSky Yeah, this is possible as well. But for now, I believe people are kinda disappointed because most of them expected Maiar to be released with the mainnet. Anyway, I'll keep the charts updated and if it breaks up, we'll know where it's heading to. Next days will anyway be awesome in terms of FA for ElrondNetwork. ;)
Nice to see your analysis though. Keep it up.