ELROND ($ERD)💲 | Why Elrond is the Secret to Financial Freedom
👁️🗨️ Elrond will pay you $60k if you break its blockchain before its MainNet launch. That is attractive, but honestly, ERD has been paying you to just smash the buy button like a caveman (no coding skills necessary)... and that is attractive too.
Jokes aside, ERD has been on a very evident uptrend since the COVID bottom and it looks like the bulls have more room to run. Let's take a look at some levels.
Support:
The S1 bullish S/R flip has already acted as support after we ran the previous swing low. This level should act as support again if needed.
Below S1 is the S2 orderblock created on the way up. This could act as support if, for example, the wider crypto market falters. Despite this, the bulls' best bet is to avoid any trip below S1 and to simply maintain momentum.
Resistance:
The R1 orderblock formed at the previous swing highs is our first point of resistance. The best bet for the bulls is to blast through this, thus avoiding consolidation between R1 and S1 with a chance of testing S2 or lower.
The ultimate goal for the bulls is the R2 orderblock. A break above R1 with an R2 target means some nice percent gains for the bulls and further strength and momentum on that ERD chart. That is exactly what the bulls want to see to keep this chart looking great.
Summary:
With ERD's MainNet on the way and price in an uptrend, Elrond bulls have a great setup. All they need to do is keep the momentum going. The question is, can they do it, or are they going to let R1 get in their way?
Resources:
www.coindesk.com/elr...break-its-blockchain + finance.yahoo.com/ne...vized-140000269.html
Hit that 👍 button to show support for the content and help us grow 🐣
Jokes aside, ERD has been on a very evident uptrend since the COVID bottom and it looks like the bulls have more room to run. Let's take a look at some levels.
Support:
The S1 bullish S/R flip has already acted as support after we ran the previous swing low. This level should act as support again if needed.
Below S1 is the S2 orderblock created on the way up. This could act as support if, for example, the wider crypto market falters. Despite this, the bulls' best bet is to avoid any trip below S1 and to simply maintain momentum.
Resistance:
The R1 orderblock formed at the previous swing highs is our first point of resistance. The best bet for the bulls is to blast through this, thus avoiding consolidation between R1 and S1 with a chance of testing S2 or lower.
The ultimate goal for the bulls is the R2 orderblock. A break above R1 with an R2 target means some nice percent gains for the bulls and further strength and momentum on that ERD chart. That is exactly what the bulls want to see to keep this chart looking great.
Summary:
With ERD's MainNet on the way and price in an uptrend, Elrond bulls have a great setup. All they need to do is keep the momentum going. The question is, can they do it, or are they going to let R1 get in their way?
Resources:
www.coindesk.com/elr...break-its-blockchain + finance.yahoo.com/ne...vized-140000269.html
Hit that 👍 button to show support for the content and help us grow 🐣
Comment:
What a run!
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