ELF has a nice trade setup on the Daily Timeframe
Broke the downtrend, SRSI seems topped but it was also topped the last time it bull-run
Conditions are exactly the same
Althou i dont expect it to form new ATH as the RSI is already past midpoint.
Long ELF till Green Area between The Fibs
Stop-loss < 9700 Sats
R/R ratio is between 5.7 and 7
Good Risk Management and Trading plan is advised.
Brief Fundamentals :
Elf is a decentralized cloud computing block chain similar to Ethereum that offers side-chains, consensus voting protocol ( Governing System ).
It has Strong Partnerships and only 25% of the supply is on the market, the Rest is locked up.
Broke the downtrend, SRSI seems topped but it was also topped the last time it bull-run
Conditions are exactly the same
Althou i dont expect it to form new ATH as the RSI is already past midpoint.
Long ELF till Green Area between The Fibs
Stop-loss < 9700 Sats
R/R ratio is between 5.7 and 7
Good Risk Management and Trading plan is advised.
Brief Fundamentals :
Elf is a decentralized cloud computing block chain similar to Ethereum that offers side-chains, consensus voting protocol ( Governing System ).
It has Strong Partnerships and only 25% of the supply is on the market, the Rest is locked up.