Been re-accumulating within the golden pocket, after earlier selling into BTC btwn the 23rd and 26th of Jan 2022, based on my CYBERENSEMBLE (technical) and PRISM Signals (momentum) buy/sell indicators. ELA just broken out of golden pocket above 61.8% Fib level.
Setting stops between and below 65% Fib level and the 200 daily SMA (thick orange line); increasingly invalidates the bullish thesis if ELA drops to those levels. The thin orange line is the 200 VWMA. Potential ~70% profit. Will switch to a trailing stop loss once price breaks above the 50 daily SMA level (green line). Red line is the 21 daily EMA.
My CYBERENSEMBLE (technical) indicator also had now flashed a buy. Still waiting for the PRISM Signals (momentum) indicator to confirm the upward move.
ELASTOS has really strong fundamentals to me: deserving of becoming a top ETH layer2 scaling solution especially with the release of the excellent "Essentials" wallet and "Feed" and a growing ecosystem of enthusiastic community of developers, NFT contributors, and investors; and potentially a highly viable scaling solution for BTC as well. A good project to invest into and hold for the longer term as well.
Setting stops between and below 65% Fib level and the 200 daily SMA (thick orange line); increasingly invalidates the bullish thesis if ELA drops to those levels. The thin orange line is the 200 VWMA. Potential ~70% profit. Will switch to a trailing stop loss once price breaks above the 50 daily SMA level (green line). Red line is the 21 daily EMA.
My CYBERENSEMBLE (technical) indicator also had now flashed a buy. Still waiting for the PRISM Signals (momentum) indicator to confirm the upward move.
ELASTOS has really strong fundamentals to me: deserving of becoming a top ETH layer2 scaling solution especially with the release of the excellent "Essentials" wallet and "Feed" and a growing ecosystem of enthusiastic community of developers, NFT contributors, and investors; and potentially a highly viable scaling solution for BTC as well. A good project to invest into and hold for the longer term as well.