✴️ Elrond Might Produce A 2nd Jump (141% - 299% Potential)

Elrond (EGLDUSDT) has been doing good after the initial bullish breakout in late 2023. The retrace to test weekly EMA50 as support was a success and currently the pair trades strongly above all moving averages ... It can move fast when it does.

The current session is trading at the highest level, to the upside, since December.
This can signal that the pair might be ready to move. "Bullish continuation."

These signals are supported by a strong RSI.

➖ If the market is set to move forward, this one is definitely one of those that will grow.
➖ If the market is set to retrace, this one right now still looks strong.

Since it didn't grow massively in 2023, we can expect it to complete its initial wave in early 2024.
There will be so much more long-term... My strategy? Buy and hold.

Namaste.