Whether it can rise above 0.3053 is the key

aelf / TetherUSBinance

Description

⋅ Aug 28, 2023 10:59 PM

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(ELFUSDT chart)

The question is whether the price can sustain the rise above 0.3053.

(1D chart)

If the price holds above 0.3053, I would expect it to re-direct around 0.3980.

If it fails to rise above 0.3053, it is important to find support in the 0.2688-0.2918 zone.

A drop below 0.2688 is expected to break the previous latest low, so caution is needed as it is unclear how far the decline will go.

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(ELFKRW chart)

In order to continue the uptrend, the key is whether the price can rise above 413 and sustain the price.

If not,
1st: 375-382
2nd: 343
3rd 306
You need to make sure it is supported in the vicinity of the 1st-3rd order above.

(1D chart)

Once the uptrend begins above 413.0, it is expected to re-direct in the 471.0-525.0 zone.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comments

nestorador

⋅ Aug 28, 2023 11:05 PM

I got an idea that some alts may be used as a temporary value storage for a Grandpa pumps. Big pumps. Huge pumps :-) (elf for me is just a binary format! I know nothing about it, thanks for showing your interest)

readCrypto

⋅ Aug 28, 2023 11:13 PM

@nestorador, Thank you for your kind words.

ELF is currently in an important area that can lead to a short-term uptrend, but we do not know what purpose ELF was created as a coin (token).

Acquiring too much information while trading may cause you to lose your objective perspective, so be careful.

nestorador

⋅ Aug 28, 2023 11:20 PM

@readCrypto, you know, I am a Bitcoin maximalist, so don't worry. I am glad to have a look at how you use your method on different alts, that's enough for me :) And sometimes I use crypto screener here with BTC pairs (Binance only) sorted by Buy/Sell indicator p.s. wow we are breaking bearish OB on BTC at the moment! Wish us success!