ELASTOS #ELA Could be a nice leverage play on BTCAs more and more things are being built on and around the big chain
It's a solid way to invest
riding it's coattails
as Bitcoin continues on it's path to 100k plus
Elastos is a sidechain of BTC --- apparently
lets dig around and see what else we can find
Elausd
ELAUSD AnalysisComparing very similar structures, one very early in prices history and one that has just formed
I believe this is an indicator for another bull run up, as seen from the first formation
I expect the run to be a lot larger as the formation is massive compared to the initial one
Comparable points labelled (1,2,3)
Elastos on the Edge of Breaking 2 Year DowntrendOne of my alt calls here ready to explode.
Not many altcoin projects are as built out and ready for developers as Elastos.
They got mainnets, sidechains, ID chains, you name it and most crypto projects are STILL celebrating mainnet launches.
Eventually a project within the top 15 of developer activity will get noticed.
That time is more than likely coming soon, specially now with the launch of Cyber Republic, the community taking over the project in its entirety.
On top of all of these fundamentals, the chart is just done taking a beating and I'm willing to double down, and I did.
I'm ready for Elastos to move to $3 very soon and have a modest target of $5 by EOY.
It could easily explode to +10 if everything aligns, including a top tier Western exchange listing coming in Q3.
Let's see what happens!
- CA$HLESS
RINSE AND REPEATThis is the pattern I expect to see in the next few weeks. Just an opinion. bitcoin would appear to be obviously bullish, but trading in an obvious fashion and taking trades that are too obvious, is often costly. I do believe the uptrend is strong, but, I think there will be a violent shakeout before price begins reaching new highs.
Good luck traders!
ELASTOS || Long or Short || Share your views in commentsHello everyone, as ELA is favourite for many traders, i have got a look on this.
Risk Reward(RR) is 1:2 for Target 1 which is good.
Everything is mentioned on the charts.
Remember not to risk more than you can afford, so trade under your risk capacity.
Best of Luck.
Checkout some more ideas below and show your support for this work by giving a like.
ELA ScallopDescending Scallop, this is a bullish reversal pattern, which seems has already begun, with the likely formation of a bullflag at the bottom of the scallop, descending scallops have a high success rate in crypto markets based on my previous analyses! First Elastos post!
Elastos (ELA) | +383% PP | FREE TRADING SIGNALPair: ELA/BTC
Exchange: Huobi
Trade Duration: Long
Risk: Moderate
Signal Strength: High
Introduction
Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. Today, there is a seemingly infinite supply of digital books, movies, music, and games. But people do not necessarily own their digital property. You can purchase a digital book, for example, but you can’t sell it to anyone else. So, do you really own it? Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights.
See attached chart for Technical Analysis
Fundamental Analysis
- Trinity Browser BETA iOS (31 March 2019)
- Ledger Wallet Support (30 April 2019)
- DPoS and AuxPoW Consensus (30 June 2019)
- Elastos Token Sidechain (30 June 2019)
Our Entry Zone
0.00072711 - 0.00079750
Our Targets
1: 0.00092841
2: 0.00112963
3: 0.00142623
4: 0.00351112+
Our Stop Loss: 0.00064003
To make sure you don't miss out on any FREE signals , FOLLOW us on TradingView by clicking on our profile and then clicking the green 'Follow' button.
If you liked this analysis, hit that thumbs up!
Enjoy your day!
Axsonex Team
------------------------------------------
DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page. Sources: binanceinfo