EGLD ELROND Cup & Handle to 335$

i still see this Cup& Handle pattern which can bring us to 335$ and pure correlation with 161.8% of fibonnaci.

What to watch.
-Daily MA21 at 193$ (resistance)
-ema Ribbon on 4 hour (resistance)

When to get in..
-Wait for a confirmation of the breakout over the trendline or if you want to buy earlier wait for a candle close over the daily MA21.

Best to you, leave me a comment, are you Bullish or bearish short term on Elrond?

Yorum:

If BTC go to 41k expect EGLD to test Weekly MA21 around $105