Trade Duration: Medium
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 communication and...
ELF/BTC is so bullish now bcz BB is squeezing hard and Ema is curving on the candles,
Macd is slightly and steady going up in 6hrTF.Kdj is just reverse its trend and ready to be in a bullish trend.
the wide receiver also shows its movement and making a cup in 6hr TF, in 4hr Tf ELF already created a double bottom that's bullish reversal sign.
My Targets are...
Strong BUY as previous daily resistance flipped support of 3914 just confirmed yesterday to be strong current support as BTC move up didn't push price below that level on a daily candle close.
Entry - Under 4200
TP1 - 4640
TP2 - 5813
TP3 - 6539
TP4 - 7712
SL - 3614-3914 dependent on Hold period
Recommended Hold period - 2 weeks to 1 month with SL at 3614....
ELFBTC is entered in expected harmonic pattern's PRZ area, soon it will move up to hit the sell targets from here insha Allah.
The targets are
Buy between: 0.00003552 to 0.00003200
Sell between: 0.00003829 to 0.00004495
Atif Akbar (moon333)
Welcome to this updated analysis on ELFBTC Let's get right to it!
This information is to be used for educational purposes only
Would be equivalent to a rise of 650% Therefore, if 0.00003616 can hold support line
A breakout above the trend line would cause ELFBTC to rally to about 650%
I expect to...
Update on $ELF, Volume recovered again and now its pushing against EMA200. Breaking above it could unleash a new leg up!
UCTS Buy signal on the daily... (over 45% in profit)
MACD about to bullcross
Expected target ~5500sats (18%).
I think elf will continue to ride the daily uptrend to attack the psychological 5k level and then on further if it breaks it. Volume is picking up nicely and the move seems strong. I have described my legend and prices in the chart and below.
Entry - 4250
1st Target - 4490
2nd Target - 4930
3rd Target - 5220
Stop loss - 4108
** Legend **
Monthly - Grey
ELF is one of the most actively developed project in last 2 months. Price is making a new trend on daily, and i think it's good to jump in in the next retrace.
Green area is the buy, and stoploss is the daily close below the stop area.