Long
Elrond is picking up next target 178$
Hi everyone.
EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart.
Most common target for this Wave 3 are :
-178.51$ / 161.8% fibonnaci
-196.11$ / 200% fibonnaci might play ABCDE :
-224.60$ / 261.8% fibonnaci
-270.69$ / 361.8% fibonnaci
Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$.
After that retracement liquidity should be moved to Altcoins.
Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$.
A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$.
Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know.
Best to you !
EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart.
Most common target for this Wave 3 are :
-178.51$ / 161.8% fibonnaci
-196.11$ / 200% fibonnaci might play ABCDE :
-224.60$ / 261.8% fibonnaci
-270.69$ / 361.8% fibonnaci
Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$.
After that retracement liquidity should be moved to Altcoins.
Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$.
A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$.
Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know.
Best to you !
Note
Follow this Note
Retracement possible to 141$ - 137$ Note
CUP & HANDLE TO OUR TARGET Note
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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.