If BTC will hold this is possible scenario. There is also scenario with price drop to 90$ before going up
Fundatentals: Q2: Stacking 3.0, DeFi 2.0 modules, ORN on Elrond blockchain Later this year: ZEE bridge, Whats good at the moment: - development team that works really good. - #hypergrowth100 action with daily announcements - Maiar looks and works really good Whats still missing: - Maiar should support more coins specially for ZEE bridge so at least: DOT, ADA,...
As we can see long term trend line since December has been broken. There is a risk of change trend to downtrend.
This week will be deciding for EGLD. On 1W chart we can see strong support at 130$ and strong resistance at 154$. If we will be able to close 1W candle above 154$ this is bullish signal for me and we can reach new ATH (where for me it should target around 270$). If this will fail there is a chance that we will retrace to another support level which should be found...
This is my first chart. EGLD already is following BTC chart where similar pattern can be formed. Not trading advice DYOR.