-AELF coin is looking strong as the price is trying to test the resistance area
-If we can see a daily candle above the red resistance zone
-This will give us a potential strong upside bias
-Provided it can hold the 1200 region for at least a week
-A minor pullback or retest would be good
-This will give extra conviction that this market will truly reverse
-the price is at the end of the triangle pattern
-trying to break dynamic resistance MAs and trendline
-if this resistance is broken, the upside is priority
-the potential target is up to 1200s
-ideal stoploss is below 810s
There is an early sign of bullish strength on the RSI as the price makes Lower Low but the RSI is painting the opposite.
Though ELF is still trading inside this descending channel it is still not enough proof for a trend reversal.
The price needs to break 760 sats and pullback and form another Higher Low between 700 sats and finally break Higher High....
Trade Duration: Medium
Risk : Moderate
Signal Strength: High
Aelf is a decentralized self-evolving cloud computing network. To establish a Blockchain infrastructure for various commercial requirements, aelf provides a highly efficient multi-chain parallel-processing system with cross-chain...
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 !!
In this post I'm taking a completely different approach as usual - looking for the hidden gems or ... recent "ICO" coins that have been dumped in the bear market yet have immense growth potential, and due to the bear market - even more "mooning" potential !
This post is about AELF ("ELF") - a crypto (also labeled at times as the " Polkadot of China ")...
It would appear after a cup and handle now forming a walling wedge in my opinion and should be in reversal very very soon. Easy to play just set and alert right above the wedge and if it goes off do some basic validation and get into the trade!
ELF is in a great buying position if it bounces off this current pink line. VERY strong support here built from the past. If it goes below you can see where the green medium support and next lower pink level is the bottom essentially.
Price outside value zone (historically in its favor to return to this zone)
ELF coin broke triangle and look pretty good
nice target and close stop loss, you can watch and wait for better buy in price around 0.000195000- 0.00020500
target -1 - 0.00022018
target -2 - 0.00025049
stop loss - soft resistance - 0.00018872
stop loss - strong resistance - 0.00018277