$SLERF—The First Elliott Waves
Updated
2024-04-18
SLERF—The first Elliott Waves
This meme coin is being hyped as one of the big money makers in the near future.
I don’t know about that, but certainly the large draw down since launch appears to be over.
A wave has formed above the down trend that is now challenging the first line of resistance, so far stalled though. Should it break through, it indeed could be a move with some oomph.
From their website at slerf.wtf:
Wtf…
Slerf emerged with a vision to be a fun and engaging meme coin, brimming with exciting content to propel its journey forward. However, on launch day, disaster struck when a major mishap resulted in the accidental burning of $10 million worth of Slerf tokens, intended for distribution among 25,000 trusting presale buyers.
In response to this unforeseen turn of events, Slerf's Dev, overwhelmed with dismay and confusion, swiftly convened an X Space session to address the situation and answer questions with complete and total transparency. This act of accountability not only unified the community but also attracted widespread attention from influential figures within the ecosystem.
In the immediate aftermath of its launch, Slerf rocketed to an all-time high market cap of 750million within a few hours. Impressively, the day 1 24-hour trading volume surged close to 2.5billion, surpassing even the likes of ETH and USDC in trading volume.
… keep reading at their site.
SLERF—The first Elliott Waves
This meme coin is being hyped as one of the big money makers in the near future.
I don’t know about that, but certainly the large draw down since launch appears to be over.
A wave has formed above the down trend that is now challenging the first line of resistance, so far stalled though. Should it break through, it indeed could be a move with some oomph.
From their website at slerf.wtf:
Wtf…
Slerf emerged with a vision to be a fun and engaging meme coin, brimming with exciting content to propel its journey forward. However, on launch day, disaster struck when a major mishap resulted in the accidental burning of $10 million worth of Slerf tokens, intended for distribution among 25,000 trusting presale buyers.
In response to this unforeseen turn of events, Slerf's Dev, overwhelmed with dismay and confusion, swiftly convened an X Space session to address the situation and answer questions with complete and total transparency. This act of accountability not only unified the community but also attracted widespread attention from influential figures within the ecosystem.
In the immediate aftermath of its launch, Slerf rocketed to an all-time high market cap of 750million within a few hours. Impressively, the day 1 24-hour trading volume surged close to 2.5billion, surpassing even the likes of ETH and USDC in trading volume.
… keep reading at their site.
Note
SLERF finally broke its resistance line, and now just has its 4H SMA 200 overhead.It should advance rapidly if that is broken. Its 1H SMA 200 provides nice support underneath.
Note
Next structural resistance is at about 94 cents for a gain of about 100%.
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