Hi everyone.
If you are looking for long-term investment, ELA currency is the best option for investing. After breaking the downtrend line and pullback on that line, as well as coming out of the uptrend channel ceiling and pullback on that ceiling again, we expect this currency to reach the price of 14$ in the short term and close to the price in the long term....
Elastos is a very very underrated project that has been in a bear market for more than 3 years.
It has drawn a beautiful rounded basing pattern with a possible double bottom during the last year.
Recently volume has been picking up big time and OBV on balance volume has jumped significantly without giving back recent improvements.
This project aims to build the...
Each time we have seen bullish divergence on the RSI compared with downward sell pressure, we have seen explosive moves up.
At the end of May, the price was falling dramatically, printed a higher low on the RSI and immediately rebounded with an 82% move in days.
The same thing occurred in the middle of June as well, falling price, higher low on RSI followed by a...
Elastos can be seen to be in the early stages of nearing a reversal point with this recent bounce off the descending scallop trendline
While populous can be seen, engaged in a reversal at the current moment
Descending scallops often are very slow to come to fruition and is a common trend among many altcoins
Heres two
...
ELA started its recovery and currently successfully retested previous resistance as new support.
This maybe takes a while but it will be worth the wait.
Let's watch and hodl together.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first...
Elastos did do a retest eventhough it did not touch are drawn box.
We are heading upwards now and rightly so.
Checkout the roadmap of elastos here:
elastos.info
Sidechain proposals will be updated in May 2021.
Java and Python are coming before Q4.
The volume keeps up which is a good sign.
Basic rules:
- Never buy...
Elastos gets more and more attention as you can see on the volume increase.
The pricerecovery however has just startet, so there are still great entry opportunities.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't...
I believe we've seen the bottom, upwards from here once we've broken $5
ATH was around $80 in 2018
HUGE POTENTIAL WITH THIS GEM!
my bags are loaded :)
Elastos.info check them out !!!!!
I believe we've seen the bottom, upwards from here once we've broken $5
ATH was around $80 in 2018
HUGE POTENTIAL WITH THIS GEM!
my bags are loaded :)
Elastos.info check them out !!!!!
Someone asked me to do an elastos TA
Looks like there's been a pump recently? a big chunk has been burnt!
it's in a descending triangle which we know ain't good!
short term you might see small moves to try and test the descending resistance as the rsi is in oversold.
long term the daily charts are way overbought so a move down to the fib support 2.50...
One of my alt calls here ready to explode.
Not many altcoin projects are as built out and ready for developers as Elastos.
They got mainnets, sidechains, ID chains, you name it and most crypto projects are STILL celebrating mainnet launches.
Eventually a project within the top 15 of developer activity will get noticed.
That time is more than likely coming...
Trend analysis of my favorite project Elastos. Imagine a peer to peer internet secured by Bitcoins hashing power with the technology to secure all other chains like Ethereum allowing projects to focus on their technology and usable products and services.
Rong Chen has worked in the computer industry since early Microsoft days working on operating systems. He...
Hello everyone, as ELA is favourite for many traders, i have got a look on this.
Risk Reward(RR) is 1:2 for Target 1 which is good.
Everything is mentioned on the charts.
Remember not to risk more than you can afford, so trade under your risk capacity.
Best of Luck.
Checkout some more ideas below and show your support for this work by giving a like.
Descending Scallop, this is a bullish reversal pattern, which seems has already begun, with the likely formation of a bullflag at the bottom of the scallop, descending scallops have a high success rate in crypto markets based on my previous analyses! First Elastos post!
