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
hard to pass up this incredibly bullish setup here.
on the verge of breaking out and printing a big leg.
long term hold potential as they are deploying a btc layer 2 which could get pretty hyped.
As a BTC layer 2, this things actually has a TON of projects connected to it, and little competition. Wave #s noted on the chart, soon to break out of the triangle and drop jaws.
RSI at ~60 with plenty of room to move up.
Bullish pennant on hourly, daily.
Break of resistance at 4.75 should lead to move towards .618 fib level of 9.58 and if an extended wave 3, could run as high as $19. Support at $3.
MACD shows sell volume drying up. VWAP shows progressive movement upward for volume weighted price, another positive sign.
This is a...
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
ELA volume inside the spike and bowl pattern is pretty impressive. $2, $4, and $5 are my targets. I would absolutely not be surprised to see a dip down to $1 before the rise. At the moment the bowl looks too obvious to be true, but I'm long just in case it is.
