I took ELF for a while to see if we like each other :)) will converge its direction and my expectations ?
It seems that at least from the avg late three years price, ELF feels good around 0.00001BTC.
1D RSI shows a positive sentiment...I am testing it
Regards.
Hi dear 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 4-hour time frame, ELF has formed bullish BAT 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
If RSI TRENDLINE is broken, then sell and buy it when the price reaches to price trendline. See it as long term position as it is in weekly.
There are MA50, MA100, RSI trendline and the support area as good elements for making the price goes up.
ANALYSIS 🔎
- ELF/BTC has been consolidating in a symmetrical triangle pattern.
- Price is testing the symmetrical triangle's inclined resistance as expected from my previous analysis.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry:...
ANALYSIS 🔎
- ELF/BTC is consolidating in a symmetrical triangle pattern.
- Price is testing the symmetrical triangle's inclined support.
- There's an ongoing double bottom formation.
- A double bottom is a bullish reversal pattern.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the double bottom neckline...
Continuation up following channel breakout
Creative twist to chart patterns
A falling wedge is present that caused the bull breakout (in grey)
Personally im not longing this coin
The project, even if it has a product, the team is a social failure. Maybe this is reflected in the charts, where the Fib levels target literally zero.
