Expecting a demand zone @ 17200 - 16850.
ELF finaly breaking the old resistances and pumping upwards. I see few possibilities for upcoming scenarios: 1. Resistance is gone for good and we go towards 20k sat psychological resistance line which should be easy to get past after we get going. 2. We close under resistance and retrace towards first trendline before we get ready to test the resistance again....
ELF forming beautiful elliott waves right now. a very clean ABCDE wave within wave 3. i will wake up tomorrow to see where wave 4 ends :) a 50% corrective wave 4 would land at around 15.5k sat :)
Wave 2 could be almost complete. It would mean new all time high, i set targets at: -0.00030817 -0.00037540 StochRSI confirms an oversold
Bottomed higher (Cup&Handle). Confirm with a H4 candle close and buy @ pullback.
Look for the resistance in the above line and where this is broken upwards will mark the beginning of upward motion
Candles are looking good, variations are within my expectation, according to my my previus ELF analysis. Now, I'm just drink a cup of tea, which must be ginseng, to keep up with the next run-up :)
Travelling sideways, about to hit lower support level with the potential for a rebound to the upper resistance level.Long would be taken when i see confirmation of a bounce off the support
This one is a hidden gem! You can see that the volume is already there during its first few days of trading. Check out their short presentation here. grid.hoopox.com Elliot Wave Theory fits right in Aelf's chart. So as you can see, first target would be 26347 then 40000. For me, I'll just ride this until the trend breaks. #HODL Good luck! :)
I have been signalling ELF since 7K sats, and kept updates coming. Here is my recent prediction of its Cup and Handle with its .886 Fib line as the top of the cup... it happened. I also said it would fall back to 14.5K sats (.236 Fib) which is textbook cup and handle retracement patterns. It just wicked down to that line, could still come down to it. Let's see if...
So, previous ELF/BTC idea was correct. My previous targets; >> 11-11.5 buying stage 1 >> 9.5-10 buying stage 2 SELL TARGET 1: 13K SELL TARGET 2: 15-16K So here is an update: Currently, if you bought from 9500-1000, I suggest two strategies for possible BTC moves. First scenario, if BTC is done with correction and begin to uptrend so HOLD your coins. For who...
I'm on fire today :) Yes, BTC FUD killed my first TA, ELFBTC broke out of the triangle on the wrong side. A lot of people contacted me about that and asked if they should sell. Then more weak hands probably just sold in loss when ELFBTC hit the bottom of the current range. I never sold. I still have my ELF bag. And now ELF is back! actually ELF never left, but...
This is only my opinion, it's not advice nor recommendation to either buy or sell anything. It's only for informative purposes.