HiTech
Long

Aelf VS Bitcoin Uptrend Acceleration

BINANCE:ELFBTC   aelf / Bitcoin
Following the previous idea on Aelf, it has reached and broke above the upside target suggesting the continuation and perhaps acceleration of the uptrend. ELF/BTC             has gained 325% since March, while the price moved from 6k satoshis support up to 23.8k satoshis all-time high.

On a corrective wave down price corrected to 14.7k satoshis, that is 50% Fibonacci retracement level that has been rejected cleanly. At the same time ELF is very close to 50 Moving Average which could act as the support as it was on the 25th of April.

While Aelf is trading above 10k satoshis psychological support price is likely to continue moving higher providing a strong growth. Because the nearest resistance, the key resistance, is at 65k satoshis, that is confirmed by two Fibonacci retracement leveles, 727.2% and 361.8%. 

Nevertheless the downside risk always remains, but only break and close below 10k satoshis psychological support could invalidate bullish outlook.
Comment: It has begun
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ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf
bought some elf today to at 15.5k satoshi.
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how on earth you get these targets I do not know.
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HiTech OtasIlciukas
@OtasIlciukas, experience
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YABALL HiTech
@HiTech, i’m all in elf
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