I know you think this is a joke, but who tought Bitcoin will had been to 1175$ in 2013$ and 234 days before the Bitcoin price was 269.20$. Just take a quick look at what happen to Bitcoin in 2013.. EGLD and BTC are very similar. Yeah i know the EGLDUSD can retrace lower on Wave 2 but the Golden Fib is a strong retracement...and we touch it with a very strong support yesterday night. We ain't seen nothing with Elrond yet with Elrond and this is just the beginning.
Let's pretend wave 2 is over and that our retracement yesterday was the bottom of W2.. (which is possible technically) this scenario will be a pretty realistic one for the next 5 impulsives. My 2 top targets will be 596.51$ and 786.424$. For sure it's too early to predict wave 4 and 5 but what iam showing what would be the most probable retracement zone in green. Thanks for watching, and if you have any questions or comment it will be a pleasure to respond. Best to you !
Trade attivo
I expect from this pattern a target of 117$. This will create our small wave 2.
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1st we might back up to 145$ and fall around 117$
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possible scenario on logarithmic
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big fight this is another scenario..
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Rectangle Pattern which should give a target of 123.77$ and more..
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We just hit the Golden Fib ! a 126.44$..
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We can now see a huge falling wedge. A break out will bring us at least on the 0.618$ take a look
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