ELF/BTC (Breakout? Challenging 200ma resist)ELF/BTC
-the price is at the end of the triangle pattern
-trying to break dynamic resistance MAs and trendline
-if this resistance is broken, the upside is priority
-the potential target is up to 1200s
-ideal stoploss is below 810s
Elfbtcshort
ELF/BTC TA Update (Bullish Breakout?)ELF/BTC
There is an early sign of bullish strength on the RSI as the price makes Lower Low but the RSI is painting the opposite.
Though ELF is still trading inside this descending channel it is still not enough proof for a trend reversal.
The price needs to break 760 sats and pullback and form another Higher Low between 700 sats and finally break Higher High.
This is a long process but it will minimize the risk of fake-outs and risk-reward ratios
will be in your favor by putting stop-loss near key support rather than at the very Swing Low area.
ELF / BTC bounced 3 times - good bullish sign! Update ELF / BTC
Do we have to worry?
Until now - i can say a big NO! As you can see we tested 3 times the 200MA - and we bounced of from there. So iam quite bullush for the next days that all will go up!
Slowly but steady we are building a 4h Buy signal! Btc has to play a bit in our hands so we can enjoy the gains!
Enjoy profits!
