Once the BTC retrace gets stabilised on a temporary support between $6.400 - $7.000 next week, $XELBTC will be ready for a confirmation of a breakout over 0.0000504 . Agree ?
Have to keep in mind that with Bitcoins historic rises, which have inversely impacted the price of other cryptocurrencies, that the lows before that previous XEL spike were higher than the most recent lows. Follow on Twitter: twitter.com
www.tradingview.com I do not envy those who joined ICOs a month ago. This is some real pain. Many assets’ price is down by 30-40-50%. Now the market shows a clear trend: "Wait for the ICO to finish and buy twice cheaper." Many market participants were attracted by a guaranteed profit on the expectations of Bitcoin Gold's hardfork, which became one of the reasons...
Cup and Handle formed and it's time for take off
Ascending triangle indicates continuation of XEL uptrend, watch for breakout next few days. If it breaks out above 16k until end of this week it will confirm monster C&H that is in the making.
Its on the way to perform W4. May result with ROI after breakout.
So what is Elastic? Elastic is an open-source project that aims to build the first decentralized supercomputer. Elastic has been developed over the last year or so and provides the infrastructure for a decentralized and distributed super computer, designed to carry out arbitrary tasks over the internet. In this context, Elastic is powered by a crypto currency...
XEL again - our next limit 0.0001162 wait to be complete , Check XEL and if you think it is good for you , trade it
Elastic continues forming an overall cup to its ultimate retrace to .00025. On a short term scale it also seems to be forming a c&h, RSI is on the way down so I expect downward along the gann fan 3/1 until buyers come back to travel through the 4/1. The thin ichimoku cloud might spell more downward action as it either passes through or jeeps rising above it....
$XEL is accumulating around support. After bullish confirmation, good opportunity to buy. Solid project with an active community on github, reddit etc. Keep a close eye on $XELBTC
Could react here or below, but that could be the start of a strong uptrend too
Another bull flag another wave of upside XEL long term target 175k