ELROND (ERD) Formed C&H Pattern...
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Indicators&Signals
ABOUT ELROND
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.
By "following" you can always get new information quickly.
This work allows, the analysis reaches to other traders
"THANKS" you in advance for your support
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Indicators&Signals
- MACD started to crosses up signal line
- Stochastic exit from oversold area
- price forming a cup and handle
- In handle,price reversing back from 50% fibo retracement
While EMA50 was able to create a level of support,reversal ascending pattern of the three line strike can be seen
potential targets show as the fibo extension
ABOUT ELROND
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.
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