Elrond compressed between MA21 and MA50 - Wave 5 next

EGLD is stocked between to MA's, MA50 in yellow at 126.57 and MA21 at 139.485$
The price can play between those 2.. but what i see is a potential breakout for wave 5 at the en of the triangle March 22th or 23rd.
I will post possible targets for W5 in the bottom.

ELROND EGLD/BUSD WHAT CANDLES ARE SAYING :
4 hour : Upside, spinning top with a close higher than the opening.
Daily: Upside (reversal) (Spinning top green (confirmed a double bottom)
Weekly: downside last confirmation was a double top
*resume : Elrond is in accumulation mode. Pattern in formation is a M inside a Triangle, Neckline is receving support.
Price is compressed and stock between supported MA 50 and resistance MA 21. MA 7 and MA 9 are also resistance

PRICE RANGE TO EXPECT NOW : Between 126.60$ and 139.52$
Please note : MA50 is currently a strong dynamic support at 126.60$
---------------------------------------------------------------------
BTC DOMINANCE :
Currently at 60.77% is falling since beginning of january but BTC DOMINANCE is rising since March 7th and found a bottom.
BTC.D is picking up a bit which make it more difficult for Altcoins, Watch BTC dominance on Coinmarket cap (3rd chart in the bottom) :
---------------------------------------------------------------------
Bitcoin :
Daily: Last confirmation was double bottom at 55600$
Weekly: Last confirmation was bullish with a double bottom at 45190$

PRICE RANGE TO EXPECT NOW : Between 57150$ and 52573$
PLEASE NOTE DAILY MA21 is at 52573$

Thanks for encouraging me with CHEER .
Peace, best to you !!

Commento:

Trade attivo:

If we can break MA21 this would be very bullish !