Cryptocurrency Elrond (EGLD) is a very promising digital asset and in my opinion, Elrond has a lot of growth to go both long term and short term! EGLD seems to be in the early stage of a bounce on our uptrend support line! Let's dig into the charts and see what we can find with some EGLD TA!

EGLD rundown -
Elrond is a software that seeks to incentivize a distributed network of computers to run a smart contract platform that aims to prioritize scalability and low transaction fees. In this way, Elrond is designed to compete against major blockchains, such as Ethereum and Zilliqa, aiming to grow an ecosystem of decentralized applications and cryptocurrencies. To do so, Elrond employs two unique features: Adaptive State Sharding – The process of splitting the Elrond infrastructure to support more transactions and programs. Secure Proof-of-Stake (SPoS) – The consensus mechanism devised to sync separate network components to a common ledger. Further, developers will use the Elrond Integrated Development Environment to write and launch customizable programs that replicate goods and services on its platform. Elrond is powered by its native cryptocurrency, EGLD coin, which is used to interact with applications, send transactions, and incentivize actors supporting the network.

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Timestamps!
▶️ 0:00 - Intro, recap & EGLD current chart analysis
▶️ 0:45 - What needs to happen to stay bullish
▶️ 2:45 - Price targets (FIB TOOL)
▶️ 4:39 - What if we crash down (bearish scenario)
▶️ 8:31 - Disclaimer & outro

DISCLAIMER!
I am NOT a financial advisor! I do not recommend you follow my trades and take my financial opinion as financial advice.

#EGLD #ELROND #TA

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