ElrondLong
RECENT BULLISH HEAD N SHOULDERS 1HR T/F....WEEKLY CHART BELOW
On the higher timeframe you can see the sell-off in Elrond from 11 March 24. There is a recent bullish head n shoulders pattern on 1 hour time frame.
But there's more! Apart from the big sell-off in recent months.
There is stochastic divergence bullish on the weekly timeframe that commenced at the start of August and currently on the 4HR timeframe there is bullish stochastic divergence.
Volume is very thin usually with Elrond. I scaled in with small margin & I might take it up to the next month when interest rates start reducing in the USA. This will not only be bullish for precious metals like gold and silver but also cryptocurrency imo.
Have a top weekend.
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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.