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ELA

$ELA AFTER 1,4$ UNSTOPPABLE The Quasimodo Reversal (QMR) pattern, observed in trading, consists of a sequence of price movements: starting with a high, followed by a low, then a higher high, and finally a lower low. This pattern signals a potential reversal in the market's direction, often indicating a shift from bullish to bearish or vice versa. Traders may use this pattern to anticipate price reversals and adjust their trading strategies accordingly. Elastos, like any other asset, may exhibit this pattern, providing traders with opportunities to capitalize on market movements.
Long
by Rainmaking
3
$ELA downtrend continues AMEX:ELA is a project that i need to do a bit more digging on. However, it's looking it's downtrend will continue. There's not much to say about price action accept the fact that it could potentially create a lower low just based off he TSI and MACD. It looks as though it's loosing a bit of steam. The key points of retracement are outline within the chart, if it slides past those key points which i think it will, again it will create a lower low and continue down in it's descending channel. I just don't see any confluence for bullishness on it's weekly. Good Luck! #TeamBoomin 🚀
Short
by Nick.TkgProfits
6
#ELAUSDT's Path to 115% Upside Potential💎#ELAUSDT is currently in the process of forming an extensive triangle pattern when examined on the 3D chart. This pattern exhibits the diligent respect for the uptrend trendline on the downside and the recognition of the supply zone around $2.07 on the upside. 💎A prominent development that has garnered our attention is the precise rebound from the 88.6% Fibonacci support level at $0.87. Remarkably, this bounce aligns almost perfectly with the Volume Profile level. Concurrently, when we consider the 50 Simple Moving Average (SMA), the price has consistently maintained trading above it, with the 50 SMA often acting as a reliable support. 💎At the present moment, #Elastos has once again descended close to the 50 SMA. Given the indication of a clean bounce from the Fibonacci support and the historical significance of the 50 SMA as a buying area, the probability tilts favorably towards an impending upward move. 💎The nearest resistance point is evidently the supply zone near $2.07. However, should this level be overcome by the buyers, the potential for a substantial price increase becomes apparent. The ultimate upside target rests near the 88.6% Fibonacci resistance level. Should this resistance level be reached, it would signify a remarkable 115% growth for #ELAUSDT. 💎Currently, the MCP team's focus is honed in on the price action surrounding the 50 SMA. As long as the price maintains its position above this level, the bulls are likely to maintain control. Subsequently, as the price begins to ascend, our attention will shift towards the supply area, which we anticipate may transform into a demand zone. At this juncture, the buying opportunity may manifest with heightened probability. 💎Amidst the positive aspects for #Elastos, it's essential to acknowledge the potential for an extended consolidation phase, where the price will undergo retesting of the uptrend trendline. Conversely, the worst-case scenario would materialize if the price breaches below the 88.6% Fibonacci support, thereby invalidating this bullish outlook.
Long
by MyCryptoParadise
It's borring stock, I know. 🔥 🔥 🔥 1. The stock has a long base, it has traded sideways in a narrow vertical range for an extended period of time. This boring trading activity tends to weed out the emotionally-charged short-term traders. . The only shareholders left are the long-term fundamentally-biased shareholders who have no intention of selling their shares any time soon. The longer a stock sets up in a base, the larger the ultimate advance. Stocks that have been basing for a year or more generally offer no clue signaling a break out to the upside. 2 . The stock broke out above 30 week moving average. After It did it, the volume expanded. 3. The 30-week moving average starts to rise. 4. High angle of attack about 40 degrees 5. The stock is under 15$ As a matter of arithmetic, the stocks with the largest percentage moves begin their moves from lower prices. The great thing about a lower priced stock is that it becomes “marginable” around $4 or $5 (depending on the particular broker). To put it simply, when a stock meets this margin threshold, a broker will allow shareholders to borrow 100%-300% or more of the stock’s value to purchase additional shares. 6. Nice clean chart. 7. Had prior momentum. 8. Has consistently reported quarterly revenue and earnings per share that have not deviated significantly from each other over the past few quarters 9. The company recently required other company. 10. P/E 12.49 11. SEQUENTIAL IMPROVEMENT in revenue and earnings 12. INCREASING MARGINS margin percentage increase from 11.5% during Fiscal 2020 to 12.4% during Fiscal 2021. 13. OPEN MARKET INSIDER BUYING 2022-03-24 14:09:01 2022-03-23 ELA Destefano Allison M Dir P - Purchase $4.40 +1,000 135,026 +1% +$4,400 2022-03-22 14:36:59 2022-03-21 ELA Destefano Allison M Dir P - Purchase $4.40 +2,671 134,026 +2% +$11,752 2022-03-22 09:35:41 2022-03-21 ELA Schepp Richard D Dir P - Purchase $4.39 +15,000 15,000 New +$65,850 2022-03-22 09:35:39 2022-03-21 ELA Pedersen Bret Allen CFO P - Purchase $4.28 +731 50,927 +1% +$3,129 2021-08-10 12:06:33 2021-08-09 ELA Pedersen Bret Allen CFO P - Purchase $4.71 +650 50,196 +1% +$3,062 2021-05-26 17:25:10 2021-05-26 ELA Destefano Allison M Dir P - Purchase $4.38 +2,300 131,355 +2% +$10,074 2021-05-11 09:30:45 2021-05-10 ELA Pedersen Bret Allen CFO P - Purchase $4.02 +2,053 97,999 +2% +$8,243 14. LOW FLOAT AND LOW MARKET CAP Shs Outstand 26.93M Shs Float 7.52M 15. Optionable? Yes. Much better if it's not. 16. Short Float 1.68% 17. A GREAT TICKER!
AMEX:ELALong
by unfair_advantage
Elastos: 4 very interesting Fibonacci confluences3 Fibonacci grids drawned : 1 : Fibonacci retracement from November high to 15 February swing low 2 : Fibonacci extension from 15 February low to 9 March swing high 3 : Fibonacci extension from 15 February low to 3 April swing high Confluences provides 4 very interesting resistance / support levels (if confirmed) to watch for ((x) indicates above drawned Fibonacci grids): A : Confluence between (2) 1.618 and (3) 0 / 9 March swing high at ~4.55 USD B : Confluence between (1) 0.382 and (3) 0.236 levels at ~5.2 USD C : Confluence between (1) 0.5 and (3) 0.618 levels at ~6.2 USD D : Confluence between (1) 0.618, (2) 4.236 and (3) 1.0 levels at ~7.25 USD Interesting to follow, whether the above confluences will be respected in an upturn.
by MrCarstenF