Largo
Elrond Gold (EGLD) Grows Over 3000% In 163 Days; Round 2 Now
Elrond Gold (EGLDBTC) grew by 3081% if you start counting on the late March low all the way to the early September peak.
After the September peak, we had 76 days of correction before support was hit on Nov. 18.
We had ~5.4 months of bullish action followed by ~2.5 months of bearish action... A new bullish wave is about to start.
We can see that EGLDBTC retraced below all EMAs and also the 0.786 Fib. retracement level based on the last bullish wave.
Now, we are seeing a strong bullish candle that is pushing prices above EMA10, EMA21, and EMA50, with the RSI above 60; this all signals strength.
It is very likely that EGLDBTC will resume its bullish trend.
For how long will this new bullish wave go?
We don't know exactly, but just as this pair ended in a higher low, it is sure to print a higher high before this new wave is done.
If momentum is lost, the blue dashed line will work as support.
Namaste.
After the September peak, we had 76 days of correction before support was hit on Nov. 18.
We had ~5.4 months of bullish action followed by ~2.5 months of bearish action... A new bullish wave is about to start.
We can see that EGLDBTC retraced below all EMAs and also the 0.786 Fib. retracement level based on the last bullish wave.
Now, we are seeing a strong bullish candle that is pushing prices above EMA10, EMA21, and EMA50, with the RSI above 60; this all signals strength.
It is very likely that EGLDBTC will resume its bullish trend.
For how long will this new bullish wave go?
We don't know exactly, but just as this pair ended in a higher low, it is sure to print a higher high before this new wave is done.
If momentum is lost, the blue dashed line will work as support.
Namaste.
Nota
+44% & Growing...
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.