Long
EGLD Elrond to 786$ in Wave 3 why?
I know you think this is a joke, but who tought Bitcoin will had been to 1175$ in 2013$ and 234 days before the Bitcoin price was 269.20$.
Just take a quick look at what happen to Bitcoin in 2013.. EGLD and BTC are very similar.
Yeah i know the
EGLDUSD can retrace lower on Wave 2 but the Golden Fib is a strong retracement...and we touch
it with a very strong support yesterday night. We ain't seen nothing with Elrond yet with Elrond and this is just the beginning.
Let's pretend wave 2 is over and that our retracement yesterday was the bottom of W2.. (which is possible technically) this scenario will be a pretty realistic one for the next 5 impulsives. My 2 top targets will be 596.51$ and 786.424$. For sure it's too early to predict wave 4 and 5 but what iam showing what would be the most probable retracement zone in green. Thanks for watching, and if you have any questions or comment it will be a pleasure to respond. Best to you !
Just take a quick look at what happen to Bitcoin in 2013.. EGLD and BTC are very similar.
Yeah i know the
EGLDUSD can retrace lower on Wave 2 but the Golden Fib is a strong retracement...and we touchit with a very strong support yesterday night. We ain't seen nothing with Elrond yet with Elrond and this is just the beginning.
Let's pretend wave 2 is over and that our retracement yesterday was the bottom of W2.. (which is possible technically) this scenario will be a pretty realistic one for the next 5 impulsives. My 2 top targets will be 596.51$ and 786.424$. For sure it's too early to predict wave 4 and 5 but what iam showing what would be the most probable retracement zone in green. Thanks for watching, and if you have any questions or comment it will be a pleasure to respond. Best to you !
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I expect from this pattern a target of 117$. This will create our small wave 2. Note
1st we might back up to 145$ and fall around 117$Note
possible scenario on logarithmic Note
big fight this is another scenario.. Note
Rectangle Pattern which should give a target of 123.77$ and more.. Note
We just hit the Golden Fib ! a 126.44$..Note
We can now see a huge falling wedge. A break out will bring us at least on the 0.618$ take a look 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.