Short

ERDBTC Forming a Wolfe Wave, will it breakout?

Good day,

As you see on your screen there are two possible scenarios in this formation,

1.) A Breakout
2.) A False Breakout

1.) If we see ERD rise above 67 then expect for a breakout that would possibly target 85 - 100 - 120 -150.
2.) If we see a false breakout prepare a correction on about 55-57 Sats

Personally I still expect ERD to moon but then again we might need a correction as people are expecting it to moon, so think otherwise.

Safe Trading

Regards,
Mr Good Life
elrondERDERDBTCTechnical IndicatorsTrend AnalysisWave Analysis

Disclaimer