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Elastos

$ELA AFTER 1,4$ 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 $2.07. However, should this level be overcome by the buyers, the potential for a substantial price increase becomes apparent. The ultimate upside target rests near the 88.6% Fibonacci resistance level. Should this resistance level be reached, it would signify a remarkable 115% growth for #ELAUSDT. 💎Currently, the MCP team's focus is honed in on the price action surrounding the 50 SMA. As long as the price maintains its position above this level, the bulls are likely to maintain control. Subsequently, as the price begins to ascend, our attention will shift towards the supply area, which we anticipate may transform into a demand zone. At this juncture, the buying opportunity may manifest with heightened probability. 💎Amidst the positive aspects for #Elastos, it's essential to acknowledge the potential for an extended consolidation phase, where the price will undergo retesting of the uptrend trendline. Conversely, the worst-case scenario would materialize if the price breaches below the 88.6% Fibonacci support, thereby invalidating this bullish outlook.
Long
by MyCryptoParadise
Is ELASTOS a potencial crypto 💤Here again, analyzing the market, I recently noticed the crypto ELASTOS , which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down. My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like (Bitcoin, Etherum, etc..) did it to. Since then price started accumulating. Trading analysis: Price made a BOS (Break of Structure) and respected the zones of supply marked in blue. What"s next for another HH (Higher High)? Now price is dropping to the new supply zone 2.0$ close to our KL on 1.5$ . 1º Trend If price start acummulating and getting closer to 2.0$ i will open my position to hold. 2º Trend My second option will be to buy on 1$-1,5$ cause price break our HL (Higher Low) and expect price to range till the ending of March as you can see in the box (PAST) that can be reflected in the future.
Long
by BRWGTRADING
ELASTOS - time to get involved !!Elastos is a very very underrated project that has been in a bear market for more than 3 years. It has drawn a beautiful rounded basing pattern with a possible double bottom during the last year. Recently volume has been picking up big time and OBV on balance volume has jumped significantly without giving back recent improvements. This project aims to build the decentralized web 3.0 and has recently been put forward by the World Economic Forum. With a fully diluted MarketCap of only about 100 million USD I esteem that it has a 1000 x potential (long term). Please DYOD ! This is not financial advice - but today I took an important position in this project !!!
Long
by Dangermousebanana
2
FILDA Bullish Divergence on RSI Has Lead to Explosive MovesEach time we have seen bullish divergence on the RSI compared with downward sell pressure, we have seen explosive moves up. At the end of May, the price was falling dramatically, printed a higher low on the RSI and immediately rebounded with an 82% move in days. The same thing occurred in the middle of June as well, falling price, higher low on RSI followed by a 170% move in 6 days from the higher low on the RSI. Will be interesting to see how this plays out, but will we get a similar reaction this time? Couple the potential upside returns with 71% APR rewards for staking in the Filda DAO, and this gem could be worth adding some to your crypto portfolio! - CA$HLESS
FLong
by CASHLESSSOCYS
ELA/USDT Update: Successfully tested support Upwards move comingELA started its recovery and currently successfully retested previous resistance as new support. This maybe takes a while but it will be worth the wait. Let's watch and hodl together. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
ELA/USDT Update: The recovery startet. Get ready for 8x.Elastos did do a retest eventhough it did not touch are drawn box. We are heading upwards now and rightly so. Checkout the roadmap of elastos here: elastos.info Sidechain proposals will be updated in May 2021. Java and Python are coming before Q4. The volume keeps up which is a good sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
ELA/USDT Insane recovery potential >8x to ATH Elastos gets more and more attention as you can see on the volume increase. The pricerecovery however has just startet, so there are still great entry opportunities. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55