Dogecoin, Tron And Elrond Seem Strong

We can see stronger rebound and recovery on some ALTcoins that can be a signal for the bottom. We have already mentioned and highlighted DOGE/USD before, which can be now just making an intraday corrective pullback before we will see more gains.

DOGE/USD 4h Elliott Wave Analysis Chart

Doge Elliott Wave Analysis

It can be similar with EGLDUSD and TRXUSD, where we are observing a completed five-wave cycle after a recent intraday strong bounce, so these coins may stay above previous lows and can see more gains, but it's definitely too early to buy. However, we will keep an eye very close on these coins and if an upcoming decline will be slow, then we can enter the action.

Tron 4h Elliott Wave Analysis Chart

Tron Elliott Wave Analysis

Elrond 4h Elliott Wave Analysis chart

Elrond Elliott Wave Analysis

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.