ELF/BTC SOT chart off March - Week 4

Updated

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
Weekly - Yellow
Daily - Red
4 Hour - Green
1 hour - Blue

Note

ELF is also trying to break a long term Weekly downtrend. It is in a similar position to a few coins today. May go further up than my levels but I am happy to secure 10-20% profits on this trade.

Note

In relation to the comment above. ELF is trying to regain a weekly level not break a weekly downtrend.

Note

Broke up over the hourly down trend. Volume is picking up again too.

Note

Move has slowed down as BTC makes another run up

Note

First Target hit.

Note

Looking to close out the 12 Hour above 4527 Daily Level

Note

Tested the 4662 4 Hour level. Looks like it might push up over 5k before the day ends.

Note

Respected the 4 Hour level. Making another push up

Trade closed manually

Sell 4485
Profit 5.5
Should have sold earlier but didn’t have the time this week to monitor the trade closer.

OisnGribben

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