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ELFBTC

ELF could be forming a bear-flag. Might look to double bottom. ELF/BTC appears to be forming a possible bear-flag. We saw ELF/BTC take a sizable drop from about 5180 to 4850 (330 sat drop.) With that sat drop in mind, we can see ELF/BTC is currently consolidating upwards and to me, this is a text-book bear flag. If the bear-flag breaks to the downside, the length of the flag-pole (previous drop from 5180 to 4850) would take our current price around 4950 and put it right around 4620, which is right in-line with our base-line fib level from our previous bottom in September around 4600. We can see the RSI is turning up from oversold territory back into the neutral territory, as is typical with bear-flags (sort of like a cool-off period), so it could have a little room to move back into the neutral territory, but I suspect it will be short lived before we see it drop once more. There is always a chance the .236 holds around 4850, but I lean toward a double bottom around 4600 in my personal opinion. Do keep tabs on Bitcoin and on the overall market sentiment. Low liquidity and low volume can allow for big moves seemly out of no where, so make sure you keep that in mind. Reentry target: Baseline fib level (or the 0 fib level, they mean the same thing) at 4600. (Would make for a double bottom in combination with our September low.) --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Short
by Deftsuo
[ELFBTC] aelf Early Call [350% PP]aelf (ELFBTC’) chart looks much like every other altcoin we’ve been looking at, remember that we like to buy when the prices are low, so I look for bottomed out coins which offer the highest profits potential and lowest risk. Let’s take a look at aelf now on the daily time frame and get started: - ELFBTC’ printed the biggest volume bar yesterday since April, after creating a hammer candlestick on the 12th September, when a low point was touched for ELF and many other altcoins. - EMA50 (magenta line) worked as resistance but this line will be tested again soon. It will take a few days or maybe weeks, but ELFBTC’ is ready to move. Now let’s take a closer look at the MACD, notice that it has been creating higher lows since March and is about to cross to the bullish side: - These are bullish signals. Weekly chart: - On the weekly time frame, we can see a clear decrease in volume (red line), followed by a breakout (last green volume bar on the right). - STOCH and RSI are both oversold. - Expect additional strong bullish action within 1-2 weeks. Trade instructions for aelf (ELFBTC’) – Alan Masters Buy in: 0.0000491 – 0.0000523 Targets by Alan Masters: (1) 0.0000601 (2) 0.0000651 (3) 0.0000721 (4) 0.0000811 Stop loss: Close weekly candle below 0.0000450. Capital allocation: <15%. QUICK ADVICE Always remember to breath deeply… as much as you can. Just a few minutes is enough everyday. But remember… breath deeply, consciously, everyday. Namaste.
ELong
by AlanSantana
5
ELF BTC BINANCEGreetings! So ELF pumped hard. I had been waiting for this pump for 3 weeks! Those of you who have been with us for a while will remember riding those massive ELF gains from a few months ago. Seeing the full retrace tempts one into searching for pumps! With this large interest possible on this coin i think it is a good one to make trades on. Today We sent a signal out for our Cryptohopper And you can see it made good gains! Expect more action like this out of this coin. Things to note!!! It didn't pump until after BTC was looking down, so it hasn't been experiencing "false independence" from BTC like many of the other alts have of the last few weeks. We will be watching closely.
by Altcoin_Ninjas
3
JUST IF I Pump $ELF, Do You Really Wanna Know Why?Decentralized Cloud Computing is the most make sense industry at the moment. It's also linked with many big companies wanted to achieve the same thing on the same project. Cloud computing is quite primadona at this time and maybe several years ahead. Name it, Alibaba, Google, Microsoft and many others which smaller also wanted to have a piece of cake of this sector audience. Then, Decentralized Cloud Computing Blockchain Network sounds really good. Because it's probably the mid-term goal on top of it for now. And that's what aelf, or the ticker ELF, do. It's not a surprise if you see their website is full of big partnership investors, I do agree with them. Plus point, their website looks pretty nice. For real tho, aside of big partnerships, they are also listed on Exchanges like Bitfinex, Binance, Bithumb and Huobi. Top notch. Even tho there are several others on the list but these four are convincing enough for me. What i don't really like is their percentage of token owners. Really giving a little space for the market. Of course this action really reasonable because they knew their quality. Hmm interesting... Judgin from the fact that right now is on the accumulation zone. I bet a lot of capital right now trying to monopoly the market supply as we can see for weeks now. Just watchout. If you wanted to invest and accumulating for mid-term timeframe, you should pick something like this with proper entry. Because you already read the major reason, why this stuff great and why I will pump it. But i need to collect as much as I can before attracting the prey to my trap, retailers, so i can gaining a lot fo profit as I can. I think 5000 - 5500 is good accumulation range and if you got caught the price below 5000 sats then it's pretty big discount sale. Trade safe!
Long
by blockchaindedi
ELF/BTC first buy-in target.AELF reached 115% of correction at 4830 satoshi. It's still fighting with 30d EMA line (green line), and crossing it would be a decent buy-in point with stop-loss below and in shorterm as we're still in bearmarket. ELF seems to be consolidating. Best buy-in as for now is at 115% Fibonacci line, next one is at All Time Low which is 4160 satoshi. At buy-in, RSI should be below 30 on daily chart. ----------------- DISCLAIMER I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss. If you like my charts, follow me on Twitter or Steemit.
by Voytech