Two short possibility on Elrond gold ( EGLD )
Technical : We can see a long term rising wedge, it can be break in few days or few weeks, so we can take a short position on binance for example. We can take the first position now because we are at the top of the rising wedge and we have test the upper resistance, but it is a little be risky. And we can take the second position when the rising wedge gonna be break by the bottom, it can be happen between the 15 November and the 15 December maybe. This second short position is relatively more safe than the first one. The RSI may also be forming a double top ( M ) at a key resistance ( 70 ). Volume are also descending.
Fundamental : The BTC is maybe in a bitcoin season, so in few days or few weeks it can pump. And if BTC pump, most of alt coins can fall. And after that BTC will range a little, then we can have an outperformance of ETH and finally we'll have our Mother's Altseason ; )
Fundamental : The BTC is maybe in a bitcoin season, so in few days or few weeks it can pump. And if BTC pump, most of alt coins can fall. And after that BTC will range a little, then we can have an outperformance of ETH and finally we'll have our Mother's Altseason ; )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.