Crypto Contest July 13: Elrond

Elrond (Binance: ERDUSDT) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Elrond began a wave one advance on July 4. The red wave one finished on July 4, and the red wave two correction ended on July 11. If this wave count is correct, Elrond should be heading next towards the July 4 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Elrond is a scalable value transfer protocol for the digital economy. You can watch their introduction video below.

(Sources: Elrond and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader

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