Technical analysis by sarjanacrypto about Symbol EGLD: Sell recommendation (8/16/2023)

Elrond is one of the best project with fundamental out there, but here are our conclusion for the next few weeks: EGLD - $29.13 / 1W TF - Clearly still on the distribution - RSI indicate it may still going further down - Level for buy spot for the first time - Expecting it goes to go sub $20 - Ecosystem is developing and so far the track record is great. - Rebranding is kinda ⛳️ - Distribution has been happening for years now, and it close to the bottom until ETF approved. There will be no individual uptrend on this one…