⚠️ I am very annoyed by these too often excessive volatilities in highly speculative irrationalities, and almost all time with a poor "risk management", which are very specific to certain Cryptos, and here fully supported by the #Elrond strong community, its influencers, and also through the aggressive marketing strategy of Elrond team, launched since the start.
I therefore prefer to immediately update the levels that need it, and take the opportunity to remind that personally #EGLDUSD trade will remain in my short-term strategy, with the taking of all profit targets during each single-impulse-wave (or each uptrend rally), before closing the trade (then see later for any potential new attractive buy entry).
I apologize for any inconvenience this may cause you

🚩Trade: #EGLDUSD "Elrond" (Rank #39)
▫️Buy: $175/200 Area
🔹TP1: $240
🔹TP2: $292
🔹TP3: $357
🔹TP4: $437
🔹TP5: $499
🔹TP6: $566 (Fib. 61.8 + New ATH)
🔹TP7: $660
🔹TP8: $777
⛔️S/L: Below $150

⚡️#Elrond Foundation Acquires Crypto Payments Firm #Utrust

The merged companies plan to combine DeFi with payments, in a product dubbed “Merchant Yield.”

https://www.coindesk.com/business/2022/01/11/elrond-foundation-acquires-crypto-payments-firm-utrust/

⚠️ I just made some important updates for the #EGLDUSD trading signal, incl. the new TA chart. I also took the time to explain my own point of view (which engages only me) on the strategies applied by #Elrond people...

https://t.me/PowerCryptoClub/2564

⚡️When we analyze the price structure of #Elrond with 2 pumps in bubble structures, followed by 2 speculative collapses with each time a loss of -80% of the #EGLD value, we know that it's a purely speculative asset. That said, we can expect the #Elrond strong community to do the necessary for a new pump, but personally the level of 61.8% Fibonacci will be my maximum target (+220%), before occur any future speculative collapse.

🚩#Elrond $EGLD
🔹Buy Entry > $153-156
🔹TP1 > $162
🔹TP2 > $174

🚩#Elrond $EGLD
🔹Buy Entry > $153-156
🔹TP1 > $162 ✅ +5.88%
🔹TP2 > $174
🔹TP3 > $189

🚩#Elrond $EGLDUSD
🔹Buy Entry > $153-156
🔹TP1 > $162 ✅ +5.88% /15-day
🔹TP2 > $174 ✅ +13.73% /20-day 🚀
🔹TP3 > $189

🚩#Elrond $EGLDUSD
🔹Buy Entry > $153-156
🔹TP1 > $162 ✅ +5.88% /15-day
🔹TP2 > $174 ✅ +13.73% /20-day
🔹TP3 > $189 ✅ +25.53% /22-day 🚀
🔹TP4 > $202

🔅Always sensitive to trading highly speculative coins that will pump mainly due to their strong marketing, or any FOMO on an announcement from their community, rather than based on their development plans which are often unclear or non- non-existent. This is the case of $DOGE and E. Musk, or $XRP the king of announcements of announcements, but also #Elrond, #EGold, initially a store of value currency on gold, which after a Mainnet in 2020 changed its name to #MultiversX (probably more attractive to newbies !?) and which is now described as a blockchain platform for the new internet economy, decentralized applications and enterprise use!?!?? 😜

👉 #EGLDUSD price structure clearly shows 2 successive huge speculative bubbles occurred in 2021, followed by 2 violent speculative collapses of -80% and -94# respectively. However, If $EGLD has too many red flags for any investment, there are still some interesting short positions to take, like this H&S pattern.

👺 $EGLD is the typical example of a price structure that has all the red flags to avoid any investment in a crypto that could stay definitely at the bottom, or for months until a pump & dump is organized by the strong community of #Elrond, he majority of whom must have heavy bags with tokens purchased at high prices during the 2 successive speculative bubbles.

🏆 Undisputed Bottom's Champion in the Top50 by MC, the #Elrond token has just achieved its 4th Successive Bottom Price over a year. 📉 #MultiversX

As I've warned many times:
🚩#Stayaway from this speculative token $ELGD
🚩Don't invest in any asset that didn't find its BOTTOM LEVEL YET.