Really nice trends and price targets defined on this chart.
No idea what this coin is.
But technicals only, it looks like a really good buy.
Support is building at looking to potentially take off for a decent gain, before falling back to trend, which can spark the potential for another big gain.
I drew a line to represent something similar to what I'm seeing, but...
Look at this giant Cup & Handle pattern on the weekly timeframe; bullish breakout already happening this very same week:
We are lookin at ELFUSD (aelf).
This pair has been growing really strong since November 2022.
It peaked March 2023 and went a long consolidation phase until this month, September, now it is moving forward.
It doesn't matter how you slice it,...
Quite a remarkable chart we have here, most indicators are pointing towards a possible breakout of local formation. If this were to happen, the test of the upper resistance would be imminent, and if it breaks, what targets should we expect? It all looks a little too insane to me. On the other hand, it should be, mayhaps, noted that ELF has been consolidating...
Whit almost a 60% drop the past month and making a nice support ! If it can continue bouncing off the support , we will get a major move upwards ! It seems to make an double bottom on the support, and we know what happens next ! :D
FOLLOW AND LIKE FOR MORE !
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#ELFUSD
weekly chart shows $ELF hold the long term descending support line.
if this weekly candle close above $0.2127 it can go up toward $0.5028 that is 95% increase.🚀
Hello everyone!
This is my first ELFUSD analysis.
Looking to buy when the coin closes above 0.38900 and I'm betting on the continuation of the uptrend move inside the ascending parallel channel.
Continuation up following channel breakout
Creative twist to chart patterns
A falling wedge is present that caused the bull breakout (in grey)
Personally im not longing this coin
ELF made a handsome EMAs crossing in daily timeframe, with all EMAs crossing 500 EMA. The coin also trades in an inverse HS pattern, ready to explode to the next yellow targets based on Fibonacci levels on the chart.
TA factors:
1- Daily Stochastic oversold again.
#ELFUSD chart is similar to SNM chart. the price broke out the resistance and now it is going to confirm it as support. it has a good potential to increase to 0.5$ then 1$, and in long term we may see the price of 1.8$ or more than 2$ 😎🔥
