I'm bearish on AELF as You can tell from my chart. We ended 1-5 big waves and are currently at the end of 2nd cycle. I believe that we had A and B wave, and are currently in bearish wave C.
How long can it last:
1) ELF has strong support lines from 11.700 to 9.700 satoshi. So i would watch those levels first.
2) We cant forget about major trendline. If previously mentioned levels wont stop the price, the trendline is a target to look up to.
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In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If You like my charts, You can follow me on Twitter or Steemit.
How long can it last:
1) ELF has strong support lines from 11.700 to 9.700 satoshi. So i would watch those levels first.
2) We cant forget about major trendline. If previously mentioned levels wont stop the price, the trendline is a target to look up to.
------------------------
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If You like my charts, You can follow me on Twitter or Steemit.