F meet kevin & all them Diddy boysThis could happen. I f with Chico crypto non meet kenin'z B a
Also no financial advice.
NEVER ANY FINANCIAL ADVICE HERE
ELAUSDT
$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 🚀
#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.
Elastos web3 gem? accumulate in the rangeWe expect ELA price to retest the major support.
ELA may be hidden WEB3 gem therefore we believe that it may be a good to accumulate Elastos at the key support level if the price drops there and hold it for the next bull run.
Elastos is in good place ??Back from bottom of channel can make R/R of 3 and more but you have to buy in 2 or 3 step to manage the risks and set stop loss below the channel if it breaks
Have a good day
Learn and learn
NFA
Elastos ELA Price Targets and Stop LossELA/USDT
Entry Range: $2.69 - 2.89
Take Profit 1: $3.45
Take Profit 2: $4.05
Take Profit 3: $4.45
Stop Loss: $2.25
my thoughts to elausdt 5 may will be a important day for the coin 5th wave and and a new cycle to begin
ELAUSDT hidden gemElastos is a hidden gem.
It´s web3 token which is ready to continue its uptrend.
The demand line hasn´t been broken. Uptrend still in game.
0.618 fib level is our target , however if web 3 tokens have their hype, we expect Elastos to pump much higher
Strong buy now as it´s still cheap after recent correction
No financial advice
ELAUSD AnalysisComparing very similar structures, one very early in prices history and one that has just formed
I believe this is an indicator for another bull run up, as seen from the first formation
I expect the run to be a lot larger as the formation is massive compared to the initial one
Comparable points labelled (1,2,3)
ELASTOS - last call before breakout !!Heads up !
Elastos is looking strong and is battling agains strong resistance at the 5 to 5.20 mark.
Once this price point is cleared the future looks very bright for ELASTOS.
Stay tuned.
LONG ELA/USDTHi everyone.
If you are looking for long-term investment, ELA currency is the best option for investing. After breaking the downtrend line and pullback on that line, as well as coming out of the uptrend channel ceiling and pullback on that ceiling again, we expect this currency to reach the price of 14$ in the short term and close to the price in the long term. Reach 70$, currently the currency is 5$.
This is a personal opinion analysis.
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.
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.
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.
ELA ELASTOSSomeone asked me to do an elastos TA
Looks like there's been a pump recently? a big chunk has been burnt!
it's in a descending triangle which we know ain't good!
short term you might see small moves to try and test the descending resistance as the rsi is in oversold.
long term the daily charts are way overbought so a move down to the fib support 2.50 ish!
personally I wouldn't go near it , the pump was by the looks of it buy the rumour sell the news.
traders using it for small gains.
sorry if you're into ELA, nothing personal, hope it proves me wrong.
ELA / USDT #rocketbombquickidea 💥Hello, dear friends! 🧡
Continue my hashtag #rocketbombquickidea for you🔥🔥
If you like such format of my quick analyzes, support idea with like. I'll try to find more opportunities for making 💰
Always in touch with you🧡
Sincerely Your Rocket Bomb 🚀💣
PS Many alts just give wonderful profits. 🔥🔥🔥
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!
