ELFBTC must be watched carefully.
AELF or ELFBTC is a coin that has recently seen 10%+ gains in the past 24 ours.
Don't get confused AELF is the same as ELF but it is confusing :)
ELFBTC seems to jump off to a rally every time it hits the 50 day MA as we can see it do it twice on the 1 day chart, however this time there are other indicators that do not support a 3rd rally.
The 12 MA is headed down much faster than 26 MA.
MFI shows people are slowly starting to buy more.
Accumulation/Distribution of ELFBTC is headed down. It will match previous rally at 12400 satoshis.
I think the entry for this coin is 12400 satoshis. And we might see some good upside.
Hope this helps, if so please support me: patreon.com/bcwizard
Disclaimer:
Any content on blockchain wizard should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.
Don't get confused AELF is the same as ELF but it is confusing :)
ELFBTC seems to jump off to a rally every time it hits the 50 day MA as we can see it do it twice on the 1 day chart, however this time there are other indicators that do not support a 3rd rally.
The 12 MA is headed down much faster than 26 MA.
MFI shows people are slowly starting to buy more.
Accumulation/Distribution of ELFBTC is headed down. It will match previous rally at 12400 satoshis.
I think the entry for this coin is 12400 satoshis. And we might see some good upside.
Hope this helps, if so please support me: patreon.com/bcwizard
Disclaimer:
Any content on blockchain wizard should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.
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