EXPO - being shipwrecked?EXPO once a major index moving counter has lost a major support (170) is heading towards its next support levels (yellow fib lines)
i have used multiple fib charts to get a more accurate setup. golden pocket can be seen around 149-152 range where more buyers will rally to buy.
RSI seemed to have retested and crashed before price action came in.
EFL
Electrovaya (EFL) - The sleeping giant. Looks very cheap- Oversold at stochastic with bottom
- RSI and MACD have raising trend.
- in accumulation area right now
- Will be listed on NASDAQ soon
- Zero shares to short: www.shortablestocks.com
- Contract with Toyota for battery supply
- contact with Canada government for busses in the country
- market cap at 200 CAD equal to 165 USD, CHEAP!!!
First target is 1.65, if we can break this resistance, will go up to 2.20
$EFL #ElectronicGulden - Bear, but could be opportunity if...I'd stay away.
Weekly:
- Flirting in the lower portion of a bear cloud. Next weekly candle (if price remains in this range) will leave cloud, and exist under.
Daily:
- Steep downward sloping fast 5/15 MACD. Broke Zero Line
- Downward sloping slow 12/26 MACD trailing right behind.
- Momentum downward in combination with Bandwidth coming out of a squeeze (high volatility ahead)
- Currently, daily candle is outside the lower 2nd std dev line. Should come back in soon.
- Tenkan / Kijun C-Clamp - Bear
4-Hour:
- Downward sloping double MACD
- Exiting the squeeze in the Bandwidth (Volatile)
- Well beyond outter 2nd std dev line. Should come back within shortly.
Verdict - Bear
Signs to enter (Look for):
- Daily fast MACD 5/15 retracing and crossing zero line from bottom to top with slow MACD 12/26 following in same direction
- Bullish cross in 4-hour cloud
Saving grace (So far):
- Strong support shown in daily cloud with hard rejection candle (1.5 hrs remaining)
Adding EFL to my HODL Portfoliocurrently in the 2717 area.
only 21 million will be in existence.
has recently seen a support area over the hoidays.
has weathered some Bullish surges in price. one theory is that price will revisit those ranges.
continues to rise steady and was unfazed by the recent Bitcoin Price Run.
I appreciate it's specific focus on the Dutch Economy and providing a crypto alternative for Dutch Businesses.
I am looking into what an "Ambasador" means with them. I have been visiting their facebook community.
I do not see a lot of talk of Lambos or Moons. I simply see a calm and consistent community invested in the project's success.
$0.460805 USD (10.72%)
0.00002717 BTC (7.25%)
Market Cap
$7,420,618 USD
437 BTC
Volume (24h)
$125,989 USD
7.43 BTC
Circulating Supply
16,103,597 EFL
Total Supply
20,629,437 EFL
BITTREX:EFLBTC
Dutch ElectronicGulden EFL's only competition is FiatGulden
This was a fat fingered trade that is paying off for me, not in price, but in curiosity. This project is boots to ground focussed on connecting Dutch businesses with receiving and using Crypto. Simple as that. Digital Dutch Economy.
Price wise, I've noticed it has long wicks to the upside. Price in a healthy instrument will attempt to recover that distance over time. Which means that with price currently around 2250s it will eventually double to 5500s. Price is currently on an uptrend from recent lows. It has not been touched by toxic PnD Twitter spam. It has a low market cap at 5.7million. Moving Averages are well below price and fanning upward.
And as I said, it's competition is simply the fiat Gulden.
Simply sharing a neutral observation on another interesting blockchain project that is however currently showing steady small gains.
BITTREX:EFLBTC