Elrond EGLD 2 Rising Wedges 98.40$
Hello everyone,
We are still in the Rising wedge inside another Rising Wedge and the price is going up and the Volume is decreasing afected by the compression. It can be interpreted has a bear Flag too.
For me this is a Bull TRAP. The 0.85% is the Ultimate fib in a bearish Zig Zag which is 221.70$.
The pole of the bear flag bring me to the Golden pocket and the pole of the small rising wedge can only be apply at the breakdown point.
When the drop will happen those are my current top entries :
1-Golden fib is at 98.40$ and the pole of the bear flag
2-The Weekly MA21 is at 119.12$.
3-Support shoulder and 0.726 at 74.51$
4-Support Shoulder and 0.85 at 44.09$
Have a wonderful day
We are still in the Rising wedge inside another Rising Wedge and the price is going up and the Volume is decreasing afected by the compression. It can be interpreted has a bear Flag too.
For me this is a Bull TRAP. The 0.85% is the Ultimate fib in a bearish Zig Zag which is 221.70$.
The pole of the bear flag bring me to the Golden pocket and the pole of the small rising wedge can only be apply at the breakdown point.
When the drop will happen those are my current top entries :
1-Golden fib is at 98.40$ and the pole of the bear flag
2-The Weekly MA21 is at 119.12$.
3-Support shoulder and 0.726 at 74.51$
4-Support Shoulder and 0.85 at 44.09$
Have a wonderful day
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