Wanna see a parabolic price movement + incoming crash? Watch Elrond over the coming weeks...

Even though it is already very overextended (fair value is currently at $200), the price can still move higher.

BUT IT WILL CRASH! These kinds of moves are not healthy and always end in the same way (once there are not enough buyers left to sustain the move)

But I don't recommend shorting this unless you are an experienced trader... it will be very volatile.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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