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EGLD

Elrond can't break the trend

By jmayer154
Updated
Elrond has not been able to successfully close above this trend line since Nov 2021. Yes, the entire crypto market is on a downward trend but this is a great sell point if trading this coin. I definitely wouldn't buy as it comes close to the trendline. Until the market changes, play to the trend. It does have strong short-term support at around $48.50, but will it hold if it can't break the trendline?
Comment
Sorry about the daily lines.
Trend AnalysisTrend Lines

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