Long

Elrond Back Above Resistance | 75%+ Possible If...

By AlanSantana
Updated
Elrond (ERDBTC) is now trading above resistance once more... The main resistance we are talking about is 20 satoshis, if this level can be conquered (with a close of 21 satoshis or higher), ERDBTC is very likely to grow some more.

Our classic signals are now on display
  • MACD bullish cross.
  • Strong RSI.
  • Bullish TS Sequential
  • Trading above EMA10/50.


Conditions for change
If ERDBTC moves lower, you can expect additional consolidation (blue arrow).

If the last low is broken then more bleeding can happen... This is the less likely scenario right now, Elrond is bullish and getting ready to pop.

Namaste.
Comment
TARGET:

1) 22 |Hit 31-Oct. (+29%)
2) 24 |Hit 4-Nov. (+41%)
3) 26 |Hit 5-Nov. (+53%)
*) 29 |Hit 5-Nov. (+70%)
Comment
Chart analysis still valid.
Aiming for 35 satoshis mid-term.
Comment
TARGET:

1) 22 |Hit 31-Oct. (+29%)
2) 24 |Hit 4-Nov. (+41%)
3) 26 |Hit 5-Nov. (+53%)
4) 30 |Hit 26-Nov. (+76%)
5) 33 |Hit 26-Nov. (+94%)
*) 35 |Hit 26-Nov. (+106%)
6) 37 |Hit 9-Dec. (+118%)
alanmastersaltcoinsBeyond Technical AnalysisbinancebittrexcryptoelrondERDERDBTCTechnical IndicatorsTrend Analysis
AlanSantana
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