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...
Today’s analysis – ELABTC – trading above its Range Low where a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Range Low Support
(.382 Fibonacci Confluence)
- Range High Objective
- Volume Influx
ELABTC’s immediate price action is impulsive, breaking a key level allows for a bullish bias on the retest that has...
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...
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!
ELASTOS (ELABTC) is still conforming to the ascending channel (Note: Log-scale).
Possibility of ca. 100% gain (similar to the ICX breakout) if it is able to pierce and hold above 0.000269 BTC? Need to continue to monitor. High risk, but potential high reward.
Continued analysis from:...
I am presently looking at Elastos atm, i.e. ELA (on Huobi or Kucoin)
Been cost averaging in since it was at around ~1.5 USD.
Looking like it might do an "ICX" style parabolic pump anytime now. But lower MCAP = greater risk.
Sensible risk management is advised.
I like their fundamentals as well -- the project itself as well as their team leadership.
The triangle with the flat resistance can be considered as finished, the price broke through the resistance and currently taking hold above. Buy for the market price, stop loss below the level. Keep it tight.
Entonnoir : W/D/H4 (swing)
Pour le moment, rien comme opportunité puisqu'on est toujours sur un biais baissier weekly, daily et en plein milieu d'une future compression weekly. Il faudrait attendre un rebond sur le bas de la compression weekly (blanc) pour dire d'avoir un setup à jouer.
Funnel : W/D/H4 (swing)
Nothing to see here. Weekly bias is...