Hi friends, hope you are well and welcome to the new trade setup of aelf (ELF) token with BTC pair
Previously we had a nice trade of ELF:
Now on a daily time frame, ELF has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ELF has produced an ascending scallop, if handle forms this is a great buy zone for a second possible ascending scallop, in market conditions such as these.
The priceline of aelf (ELF) / Bitcoin cryptocurrency has completed the formation of shark pattern and entered in potential reversal zone.
The stochastic is already oversold.
We have pivot 1st support just beneath the PRZ area which will push the price action back to hit the sell targets insha Allah.
I have defined below sell targets using Fibonacci sequence:
Buy...
Trading Signal - BUY
My buy price - 2428
My (Trailing) Profit Take - 2750 Activated (2% Trail deviation)
My Stop Loss - 2381
For both my Profit / Stop I use a so called Trailing Profit Take or Trailing Stop Loss to Maximize my ROI!
This is made possible by 3Commas.io A very easy to use solution for automated trading.
If you want to contribute please...
BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
ELF is very undervalued coin and broke all previous Support Level , According to Fib Level 1.618 may be Next Support Level after 80% Dropped.
Let See What Will be Happen.
Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
