AMEX:ELA is a project that i need to do a bit more digging on. However, it's looking it's downtrend will continue. There's not much to say about price action accept the fact that it could potentially create a lower low just based off he TSI and MACD. It looks as though it's loosing a bit of steam. The key points of retracement are outline within the chart, if it...
💎#ELAUSDT is currently in the process of forming an extensive triangle pattern when examined on the 3D chart. This pattern exhibits the diligent respect for the uptrend trendline on the downside and the recognition of the supply zone around $2.07 on the upside.
💎A prominent development that has garnered our attention is the precise rebound from the 88.6%...
Elastos (ELA), "China narrative", recent partnership new with Alibaba Cloud (from their twitter page), base layer is merged mined using BTC-hash coupled with "BPOS" in a "Hybrid Consensus" system, EVM-side chain with growing(?) ecosystem, founder Rong Chen was a senior engineer in Microsoft.
Been suppressed under the (thick orange) 200 daily SMA since Feb 2022,...
ELA flashing a bright green buy sign on the 1Day. Its also flashing a bullish divergence on Cipher B.
Its flashing a 9 on the demark 1Day. Its below a 9 on the 1Week and its flashing a 9 on the 2 week.
This is a swing trade idea. We could still see a lower entry.
We expect ELA price to retest the major support.
ELA may be hidden WEB3 gem therefore we believe that it may be a good to accumulate Elastos at the key support level if the price drops there and hold it for the next bull run.
Back from bottom of channel can make R/R of 3 and more but you have to buy in 2 or 3 step to manage the risks and set stop loss below the channel if it breaks
Have a good day
Learn and learn
NFA
hello everyone i hope you good today , i just notice great price action and wanna share it with you.
In a completely similar movement 6 months ago, we note the following:
The two waves started mainly from the support line of the original ascending channel.
2- The price also rebounded from the same resistance area of the channel.
3- Reaching the same strong...
Long ELAUST
Im looking to long ELAUSDT after a 6h close above 6.60
1st Target - 7.67 zone
2nd Target - 8.66 zone
invalidation daily close below weekly open of 6.19 after a breakout
SURPASSED the drop channel resistance line and is trying with the old classical resistance,
otherwise it will retest the channel line .
this beast have very good indicators levels and great volume.
we will see more from it
Elastos is a hidden gem.
It´s web3 token which is ready to continue its uptrend.
The demand line hasn´t been broken. Uptrend still in game.
0.618 fib level is our target , however if web 3 tokens have their hype, we expect Elastos to pump much higher
Strong buy now as it´s still cheap after recent correction
No financial advice
Here again, analyzing the market, I recently noticed the crypto ELASTOS , which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down.
My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like...
Heads up !
Elastos is looking strong and is battling agains strong resistance at the 5 to 5.20 mark.
Once this price point is cleared the future looks very bright for ELASTOS.
Stay tuned.
