ELFBTC must be watched carefully.

BINANCE:ELFBTC   aelf / Bitcoin
AELF or ELFBTC is a coin that has recently seen 10%+ gains in the past 24 ours.

Don't get confused AELF is the same as ELF but it is confusing :)

ELFBTC seems to jump off to a rally every time it hits the 50 day MA as we can see it do it twice on the 1 day chart, however this time there are other indicators that do not support a 3rd rally.

The 12 MA is headed down much faster than 26 MA.

MFI shows people are slowly starting to buy more.

Accumulation/Distribution of ELFBTC is headed down. It will match previous rally at 12400 satoshis.

I think the entry for this coin is 12400 satoshis. And we might see some good upside.

Hope this helps, if so please support me:

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