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XEL

XEL idea - use as a reference - rescaledHere is an update to my previous XEL -0.94% USD analysis. Please use it as a guide. look for reversal signals at key resistances and supports. ( RSI divergences are my favorite) This is just for educational purposes and is not trading advice. Please just use as a reference to make your own trading decisions! All of this is just an educated guess at best... No one can really predict the future. Please comment below if you have any questions.
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by qedbeech
XEL in the 10-15k channel, and arc idea.XEL is young cryptocurrency so it;s hard to predict its behavior couse we don't have long history of the price. Grean horizontal lines are representing main support (arround 9500) and resistance arround 15k) which is the main price channel for about a month. Two possible scenerios for the ascending triangle break out: 1. Going straight up to 15k resistance line. 2. Drop arround 9500 satoshi before it goes up to 15k When the price will broke 15k resistance line we can easly see price above 20k in the end of October to complete the arc. Other scenario is that the price will stay in 10k-15k channel for October.
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by Szczuki
XEL idea - use as a reference to help inform your trades!Hi all Here is an update to my previous XEL USD analysis. Please use it as a guide. look for reversal signals at key resistances and supports. (RSI divergences are my favorite) This is just for educational purposes and is not trading advice. Please just use as a reference to make your own trading decisions! All of this is just an educated guess at best... No one can really predict the future. Please comment below if you have any questions.
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by qedbeech
Elastic: The Decentralized Supercomputer. The Golem SlayerSo what is Elastic? Elastic is an open-source project that aims to build the first decentralized supercomputer. Elastic has been developed over the last year or so and provides the infrastructure for a decentralized and distributed super computer, designed to carry out arbitrary tasks over the internet. In this context, Elastic is powered by a crypto currency (XEL) and provides a market-based mechanism to buy and sell computational resources. Those who need computational resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Elastic miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins. The size of their reward depends on the amount of work a miner has contributed in relation to the rest of the miners that have also participated in the task. Using XEL as the driving force, Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners. Fundamentally, this project is in a good place, as its main competition (golem) has a market cap over 5x as high as it does. Being an open source project with arguably better technology and 1/5 the value of its "competition", Elastic has some serious upside. The demand for computational resources will only rise with time and Elastic has a brilliant and decentralized solution for addressing this demand. Technically, we can see some serious accumulation in this range, as elastic continues to bounce from the orderblock indicated by the green box on this chart. We are extremely close to breaking out of this wedge formation, which should propel elastic to the 20-24k satoshi range.
XLong
by LARP_Capital
2
XEL chart requestI like to chart with USD as base because it removes all BTC price fluctuations. Also fib levels and price action aligns better in USD Further more a friend at a hedge fund let me know that they convert all BTC base to USD for their algo - which drives the market. So it makes sense to chart in USD over BTC. To trade off of this chart it's best to use trading view charts and view XEL/USD then at pivot points put in buy or sell orders. At these pivot points i recommend looking at indicators for signs of continuation or reversals.
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by qedbeech