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MoonPickle
Feb 18, 2018 7:04 PM

ELFBTC - DOWNTREND CHANNEL BREAK 

BINANCE:ELFBTC300
aelf / BitcoinBinance

Description

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ELF is currently trying to break out of a downtrend. Very interesting to watch

Long-term bullish - the coin has a great team of private investors, including Draper Dragon.

ELF AELF

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support

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wedge of doom on 1H TF, held by long-term support

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D1 chart, support lines violated

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a lot ELF traders stuck in the orange box of doom, confirmed by volume/VP

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still in a down cycle

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appears to be a reversal in the making

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4H TF:

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needs some serious volume

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more taps at long-term downtrend/resistance

Chart PatternsTechnical IndicatorsELFBTCelfcoinblockchainCryptocurrencycryptoBitcoin (Cryptocurrency)BTCaelfhedge
Comments
prep16505
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Good stuff keep us posted!
UnknownUnicorn1996518
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i67.tinypic.com/e6u4r9.png
UnknownUnicorn1996518
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[IMG]i67.tinypic.com/e6u4r9.png[/IMG]
UnknownUnicorn1996518
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<a href="tinypic.com?ref=e6u4r9" target="_blank"><img src="i67.tinypic.com/e6u4r9.png" border="0" alt="Image and video hosting by TinyPic"></a>

according to this they drown it
UnknownUnicorn1996518
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something tells me that we still will touch 9k sat.. before some really strong uptrend
MoonPickle
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@uox, very likely not a lot of info about this coin yet and there seems to be a ton of support close there
UnknownUnicorn1996518
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i can be wrong, but i think to get some volume BTC should first to choose the direction, right now BTC behaves like a girl that doesn't know what she wants..)
UnknownUnicorn1996518
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@uox, yep, no volume at all...
MoonPickle
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@uox, patience =) this may take a couple of days to reverse fully - btc is making an impulse move up
UnknownUnicorn1996518
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Hello, @MoonPickle ! would really appreciate any update for short and long terms, if possible. Thanks in advance!
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