Elrond Ascending Triangle | 45%+ Possible On Bullish Breakout
Updated
Elrond (ERDBTC) recently moved above resistance in the form of EMA100 and is now preparing for a strong bullish move.
ERDBTC had a consolidation phase of fewer than 2 months, taking less time than other altcoins before it started to move.
Now its price is above EMA10, EMA50 and EMA100, opening the door for massive growth if there is a follow-up move in the coming days.
ERDBTC can easily grow here just like we saw with MATICBTC, one big green candle that pushes everything up just to be followed by a retrace that will end up in a higher low as the market continues to grow.
Looking at our previous chart for ERDBTC, we are at 70%+, let's take a look by clicking on the image below:
Namaste.
ERDBTC had a consolidation phase of fewer than 2 months, taking less time than other altcoins before it started to move.
Now its price is above EMA10, EMA50 and EMA100, opening the door for massive growth if there is a follow-up move in the coming days.
- We have a very strong RSI at 65.
- The MACD is showing a bullish crossover and is looking good in general.
ERDBTC can easily grow here just like we saw with MATICBTC, one big green candle that pushes everything up just to be followed by a retrace that will end up in a higher low as the market continues to grow.
Looking at our previous chart for ERDBTC, we are at 70%+, let's take a look by clicking on the image below:
Namaste.
Note
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