- Crypto Analyst predicts that EGLD could hit $460; however, he warned that it could be risky for long position traders.
- Bulls support EGLD reaching higher; however, they find it difficult to push EGLD to the green zone.
- EGLD has touched the upper BB band while the RSI is at 58.76.
Crypto Rover, a technical crypto analyst, and enthusiast tweeted that it would be risky for traders to open a long position with Elrond (EGLD), citing the tanking prices inside a bullish falling wedge. However, he stated that if his bullish prediction of EGLD hitting $460 were to play out, traders would be rewarded.
Prediction Request 03 – $EGLDAlthough pretty risky in my opinion, a good reward if this plays out. pic.twitter.com/ztK7AmS2tT— Crypto Rover (@rovercrc) January 2, 2023
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