🔅Always sensitive to trading highly speculative coins that will pump mainly due to their strong marketing, or any FOMO on an announcement from their community, rather than based on their development plans which are often unclear or non- non-existent. This is the case of $DOGE and E. Musk, or $XRP the king of announcements of announcements, but also #Elrond, #EGold, initially a store of value currency on gold, which after a Mainnet in 2020 changed its name to #MultiversX (probably more attractive to newbies !?) and which is now described as a blockchain platform for the new internet economy, decentralized applications and enterprise use!?!?? 😜

👉 #EGLDUSD price structure clearly shows 2 successive huge speculative bubbles occurred in 2021, followed by 2 violent speculative collapses of -80% and -94# respectively. However, If $EGLD has too many red flags for any investment, there are still some interesting short positions to take, like this H&S pattern.

🏆 Undisputed Bottom's Champion in the Top50 by MC, the #Elrond token has just achieved its 4th Successive Bottom Price over a year. 📉 #MultiversX

As I've warned many times:
🚩#Stayaway from this speculative token $ELGD
🚩Don't invest in any asset that didn't find its BOTTOM LEVEL YET.