Let’s take a look at aelf now on the daily time frame and get started:
- ELFBTC’ printed the biggest bar yesterday since April, after creating a on the 12th September, when a low point was touched for ELF and many other altcoins.
- EMA50 (magenta line) worked as resistance but this line will be tested again soon. It will take a few days or maybe weeks, but ELFBTC’ is ready to move.
Now let’s take a closer look at the , notice that it has been creating higher lows since March and is about to cross to the side:
- These are signals.
- On the weekly time frame, we can see a clear decrease in (red line), followed by a breakout (last green bar on the right).
- and are both oversold.
- Expect additional strong action within 1-2 weeks.
Trade instructions for aelf (ELFBTC’) – Alan Masters
Buy in: 0.0000491 – 0.0000523
Targets by Alan Masters:
Stop loss: Close weekly candle below 0.0000450.
Capital allocation: <15%.
Always remember to breath deeply… as much as you can.
Just a few minutes is enough everyday.
But remember… breath deeply, consciously, everyday.