This is a reversal pattern called Double Bottom. This publication is of an academic nature. Orlando Enrique Fajardo Ocariz
On the 29th of May, Elastic has established the low at $0.21. At the same time bullish divergence was formed on the RSI oscillator and price started to move up. Today XEL/USD broke above the 50 Moving Average, followed by the breakout of the descending channel. Recent price action suggests that Elastic is reversing to the upside. The strong resistance area is...
Blue box / buy in zone Red box / Support / Stop loss Green Box / Targets Yellow Circle / EMA & MA
Elastic just close the wedge. He created higher lows. There is a large probability of an upper exit from the wedge.
Elastic has been trading downwards for over a month now, losing 85% to the USD. Price declined from $1.23 down to $0.17 where bullish divergence was formed by the RSI oscillator. Then XEL/USD broke the downtrend trendline, however, failed to produce a higher high and has been consolidating for two weeks. Recently the RSI showed that the price of Elastic is...
Elastic looks very interesting from both fundemental and technical standpoint. I see it continue with a nice bullish move BUY IN: below 0.000045 TARGET: 100-200% DURATION: 1-3 weeks Cheers! PS: Before trading do your own research :)
XEL looks like a strong breakout candidate to me. Similar to the last coin I just posted, GNT, this coin is for a decentralized supercomputer. Check out their website for a little bit more about them. www.elastic.pw MAC D on 1 day chart about to cross back to the positive = Bullish RSI Bottomed out and started trending back up on 4hr = Bullish 7 MA over 77 MA...
We can see XEL getting really strong on daily chart We are very close to resistance if we break it then probably target 1 won't be a big surprise. Patience my friends, this is the great skill for trading.
Often similar coins will pump at the same time. So I've just opened small positions into GNT and XEL (both decentralized super computing, similar yet a little different in application to CND/Cindicator which I also have a position open in atm). GNT is a more professional team that likes working to deadlines!!! That said XEL a lot of people believe could be a...
Here's a look at the 15min candles, a regression channel has formed from my stop loss indicator ($0.44) & is heading upward rather steadily. The Ichimoku is showing a short term dip, which is why I believe we'll see it here form a Cup & Handle. I've marked on my chart my expected targets & I would encourage WAITING for your buy-in. Despite the coin currently...
XEL building up in volume with bullish trend upwards (supported by RSI). MACD crossover has happened and price is looking to jump the trend line. In order to enter into a trade, I will be looking for the price to bounce off the lower trend line. If a 1 hour candle closes above the upper trend line, I will initiate the buy order. Buy-in: after 1hr candle closes...
MACD crossover signaling potential buy. RSI indicators confirming bullish trend. Price closing near trend lines. Watch for 1-hour price candle to close above trend line; if close, trade is active and we will buy with stop-loss below upper trend line in case of fakeout. Conservative buyers can look to buy XEL if price bounces after breaking out.