Hi,
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with...
broke through previous high. short term target 78 and could see more. also possible this is a different count where the wave 1 was the .382 (30 high) and started wave 3 (a lot more bullish)
From a technical point of view, #ELROND could be on the verge of another trend continuation. The recently formed bullish flag could be an indication for this. A breakout from the chart pattern would activate the next price target at around $38.
anyway, this is another type of buy the trend vs buy and pray (my last upload).
i dont normally like buying stuff like this as its going straight up, because i think its gonna pull back, anyway, on any pull backs ill try to buy some.
Looks to me like it is following this FIB channel since December 1st and depending on where market goes we either continue trending up, or we touch the stronger support eventually in the following days. What do you guys think? long or short then long?
Lets go!
EGLD USDT THERE ARE TWO SCENARIO :
FIRST SCENARIO : *I AGREE WITH THIS AND IT'S POSSIBLE AND BELIEVE HAPPEN*
Elliott wave triangle ABCDE AS I EXPLAIN INSIDE CHART DOWN FIRST AT 8-6 USD THEN UP TO 10-12 USD THEN DOWN TO 5 TO 2 USD
*PLEASE: don't make action to sell all of your EGLD this is for who want to trade to take idea under his responsibility .
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We won't be able to know where bottom is. What we do know is there is going to be serious Defi Projects coming out of the wood works. Do your research but Elrond are not slowing down! Like in the name E-Gold this is the perfect opportunity between $10-$14 to accumulate. We know that there is a max supply of 21,000,000 just like Bitcoin. I see this as a rare...
With the partnerships with several high profile projects like X Dai we will see serious growth and scarcity among these coins with defi being the biggest push in this bullrun.
