EGLD
Long

EGLD Elrond at 395$ or 310$ next wave

1 271
New retracement had changed our of Wave 2 for elrond it's why iam making this update (line in red). Here are possible targets for this intermediate wave 3 (red line) if we don't go lower.
Golden pocket has been hitted but always keep door open for a low W2. Yesterday was a BIG day today for the ElrondNetwork community with the release of Staking Phase 3. One step further to a more decentralized & secure network: staking is now available in Maiar as well. 1000+ additional nodes & another $350m got staked in less than 2 hours. +$1.3B staked right now this is pretty crazy!

Possible targets for intermediate Wave 3 (red line)

161.8% = 226$ (less probable)
261.8% = 310.64$ (favorite)
361.8% = 395.25$ (favorite)

With the lenght of Wave 1, most probable target for me will be 310$ or 395$
Best to you and have a wonderful day.

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.