If it drops DCA, if it pumps take profit here and there.
We had an ABC correction, it could dip more, it could pump hard.
Keep a close eye on BTC.D, if it breaks 59 then we are heading towards a huge altseason
EGLD is a keeper, with its phase 3 20% APR staking, its ultra low supply 16-30 Million , its 255k transactions a second, its basically ETH 2.0...
EGLD has been taken over by the bearish channel.. the coin is fundamentally super good. if we broke off the channel, we might going super high. but if it's rejected, then we might see EGLD going for 70$ which is not nice.. but I don't really believe coin such as egld will underperforming for too long.
Looking at the 4H chart, price was rejected at 130, then price started heading downward, if this pattern persists, our next stop will be at our support at 92.
This is a ranging market, bouncing between support and resistance and the trend line acting as support and resistance gives a clear interpretation of price action
After an amazing bullrun the price bounced on 0.786 Fibonacci level and now the price is testing 4h resistance and dynamic trendline. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure ->...
The crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
Elrond EGLD Fully Diluted Market Cap $4,374,613,654
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B...
High volume financial applications will always favor high throughput and low latency decentralized networks. Elrond is capable of scaling beyond 100,000 transactions per second and will always be the right choice for large transactional volumes, either from traditional financial applications or other chains.