I am seeing this as a rising wedge with the potential to break to the downside towards the July support area . If for some reason the support does not hold I expect a pull back to the Fib golden pocket area (~20.200-24.000).
A more pessimistic scenario would be a drop to the 0.786 fib level (so around 19.000) with a potential wick to the 17.800 level
Fundamentally I see nothing wrong with Elrond but the price is mostly mirroring BTC (with a slight delay) so if BTC price drops I expect to see a drop to the orange line (with maybe a wick lower) and then a bounce back.
