ERD there were no pumps.Low fame coin Channel 85% Triangle +49%
Updated
Elrond (ERD) is an altcoin that has not yet had large pumps. The project is several months old. Little fame. The price is in a horizontal channel of 3.5 months with a price step of 85%.
Now a symmetrical triangle has formed in the middle of the channel, the price is clamped, the denouement is coming soon.
If a triangle breaks up. That is the potential of the triangle to its widest part + 49%. It will also mean a breakthrough of the accumulation channel. If this happens and the price consolidates above the accumulation channel, a trend reversal may occur.
If the triangle breaks down, we trade inside the accumulation channel from the trend lines of the channel. The potential for trading in the channel is 85%.
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1 entry option.
We trade the goals of the triangle. Entrance on the breakthrough of the triangle or on the rollback after the breakthrough, depending on your strategy. Potential from + 49% Also, if the price manages to consolidate above the accumulation channel, then the potential is all the goals that I indicated on the chart above the accumulation channel.
2 entry option.
We trade targets above the accumulation channel. Entrance on a breakthrough or on a rollback after breaking through the upper boundary of the horizontal channel. The profit potential is all goals above the accumulation channel.
3 entry option.
Trading in the accumulation channel. This is an option if the triangle is broken down. Entrance at the bottom of the horizontal channel, with confirmation of support. The potential to the upper boundary of the horizontal channel + 85%.
As a result, as you can see, with any outcome of the development of events you can earn. The main thing is to choose the right entry point. With great profit potential and minimal risk, or no risk at all.
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coinmarketcap.com/currencies/elrond/markets/
The coin is mainly traded on Binance, and there are pairs not only to BTC, but to usdt and BNB, which is a good sign. Note that there are only 4 exchanges. The main trading takes place on the Binance exchange. The coin is still little known.
Project Legend - A scalable value transfer protocol for the digital economy.
What can positively affect the price:
1) Binance Exchange.
2) Low fame coins.
3) There were no pumps.
4) The accumulation channel.
5) Now there is a triangle, soon the denouement.
6) Satoshny price of pump coins.
7) Good legend.
Now a symmetrical triangle has formed in the middle of the channel, the price is clamped, the denouement is coming soon.
If a triangle breaks up. That is the potential of the triangle to its widest part + 49%. It will also mean a breakthrough of the accumulation channel. If this happens and the price consolidates above the accumulation channel, a trend reversal may occur.
If the triangle breaks down, we trade inside the accumulation channel from the trend lines of the channel. The potential for trading in the channel is 85%.
________________________________
1 entry option.
We trade the goals of the triangle. Entrance on the breakthrough of the triangle or on the rollback after the breakthrough, depending on your strategy. Potential from + 49% Also, if the price manages to consolidate above the accumulation channel, then the potential is all the goals that I indicated on the chart above the accumulation channel.
2 entry option.
We trade targets above the accumulation channel. Entrance on a breakthrough or on a rollback after breaking through the upper boundary of the horizontal channel. The profit potential is all goals above the accumulation channel.
3 entry option.
Trading in the accumulation channel. This is an option if the triangle is broken down. Entrance at the bottom of the horizontal channel, with confirmation of support. The potential to the upper boundary of the horizontal channel + 85%.
As a result, as you can see, with any outcome of the development of events you can earn. The main thing is to choose the right entry point. With great profit potential and minimal risk, or no risk at all.
________________________________
coinmarketcap.com/currencies/elrond/markets/
The coin is mainly traded on Binance, and there are pairs not only to BTC, but to usdt and BNB, which is a good sign. Note that there are only 4 exchanges. The main trading takes place on the Binance exchange. The coin is still little known.
Project Legend - A scalable value transfer protocol for the digital economy.
What can positively affect the price:
1) Binance Exchange.
2) Low fame coins.
3) There were no pumps.
4) The accumulation channel.
5) Now there is a triangle, soon the denouement.
6) Satoshny price of pump coins.
7) Good legend.
Note
There is a breakthrough of the triangle. The price from the entry point made + 12% Trade closed: target reached
ERD + 44% from the first entry pointTrade active
Trade active
After a false breakdown of the channel, the price fell back to the accumulation channel in increments of + 88%. Now the price is at the bottom of the channel.
To begin with, we are trading the channel’s potential, which is + 60-80%.
Zones of purchase / sale I depicted on the chart.
Also showed a temporary cyclic movement.
Note
1) Less risky entry into the market. At the beginning of the upward movement from the purchase zone.
2) Entrance to the Stop Loss purchase zone under support. Stop value according to your trading strategy.
Trade closed: target reached
+ 350% from the first entry point.
or + 140% from the second entry point from the breakthrough of the resistance of the accumulation channel.
Trade closed: target reached
Trade closed: target reached
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