Elrond (EGLD/USDT) Short setup from resistance
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Elrond had a significant pump the past week, rising over 50%!
Now, from then it has been in a descending bearish triangle, which it just broke down.
With the EMA21/200 death cross coming closer as well, I see this as an almost guaranteed descent.
My goal for EGLDUSDT is to go back to it's major support zones, take profit every support in case it rebounds from there.
Now, from then it has been in a descending bearish triangle, which it just broke down.
With the EMA21/200 death cross coming closer as well, I see this as an almost guaranteed descent.
My goal for EGLDUSDT is to go back to it's major support zones, take profit every support in case it rebounds from there.
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