The Quasimodo Reversal (QMR) pattern, observed in trading, consists of a sequence of price movements: starting with a high, followed by a low, then a higher high, and finally a lower low. This pattern signals a potential reversal in the market's direction, often indicating a shift from bullish to bearish or vice versa. Traders may use this pattern to anticipate...
As more and more things are being built on and around the big chain
It's a solid way to invest
riding it's coattails
as Bitcoin continues on it's path to 100k plus
Elastos is a sidechain of BTC --- apparently
lets dig around and see what else we can find
AMEX:ELA is a project that i need to do a bit more digging on. However, it's looking it's downtrend will continue. There's not much to say about price action accept the fact that it could potentially create a lower low just based off he TSI and MACD. It looks as though it's loosing a bit of steam. The key points of retracement are outline within the chart, if it...
💎#ELAUSDT is currently in the process of forming an extensive triangle pattern when examined on the 3D chart. This pattern exhibits the diligent respect for the uptrend trendline on the downside and the recognition of the supply zone around $2.07 on the upside.
💎A prominent development that has garnered our attention is the precise rebound from the 88.6%...
impulse abc impulse and so on and so forth and nothing new under the sun and round and round the merry go round
i'm dizzy now
nfa
y axis only
dyor
and more letters to pass the gate and some time
We expect ELA price to retest the major support.
ELA may be hidden WEB3 gem therefore we believe that it may be a good to accumulate Elastos at the key support level if the price drops there and hold it for the next bull run.
Back from bottom of channel can make R/R of 3 and more but you have to buy in 2 or 3 step to manage the risks and set stop loss below the channel if it breaks
Have a good day
Learn and learn
NFA
Elastos is a hidden gem.
It´s web3 token which is ready to continue its uptrend.
The demand line hasn´t been broken. Uptrend still in game.
0.618 fib level is our target , however if web 3 tokens have their hype, we expect Elastos to pump much higher
Strong buy now as it´s still cheap after recent correction
No financial advice
Here again, analyzing the market, I recently noticed the crypto ELASTOS , which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down.
My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like...
Comparing very similar structures, one very early in prices history and one that has just formed
I believe this is an indicator for another bull run up, as seen from the first formation
I expect the run to be a lot larger as the formation is massive compared to the initial one
Comparable points labelled (1,2,3)
Heads up !
Elastos is looking strong and is battling agains strong resistance at the 5 to 5.20 mark.
Once this price point is cleared the future looks very bright for ELASTOS.
Stay tuned.
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...
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....
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...
