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XELUSD

Elastic Reversal After Bullish DivergenceOn the 29th of May, Elastic has established the low at $0.21. At the same time bullish divergence was formed on the RSI oscillator and price started to move up. Today XEL/USD broke above the 50 Moving Average, followed by the breakout of the descending channel. Recent price action suggests that Elastic is reversing to the upside. The strong resistance area is seen at $0.4, that is confirmed by two Fibonacci retracement levels. 23.6% and 76.4% Fibs. Price could consolidate for a little while, getting down to the 50 Moving Average, but the trend now seems to be bullish. Nevertheless, break below the $0.21 support, would invalidate bullish outlook.
XLong
by CryptoPAMM
Elastic Waiting TimeElastic has been trading downwards for over a month now, losing 85% to the USD. Price declined from $1.23 down to $0.17 where bullish divergence was formed by the RSI oscillator. Then XEL/USD broke the downtrend trendline, however, failed to produce a higher high and has been consolidating for two weeks. Recently the RSI showed that the price of Elastic is oversold, but at the same time, it failed to break above the downtrend trendline formed during the consolidation. At this point for Elastic to move higher, a break and close above $0.3 is required, unless that happens price could decline back to $0.17 or even lower prior to the trend reversal.
XLong
by CryptoPAMM
2
XELUSD Elastic - Ichimoku short Cup indicator.Here's a look at the 15min candles, a regression channel has formed from my stop loss indicator ($0.44) & is heading upward rather steadily. The Ichimoku is showing a short term dip, which is why I believe we'll see it here form a Cup & Handle. I've marked on my chart my expected targets & I would encourage WAITING for your buy-in. Despite the coin currently being priced where I believe it will dip to for my entrance point, you want to see the coin decline & build support before making such a decision.
XLong
by retravision
2
Elastic Explosive Growth PotentialElastic has been rejecting the $0.22 support during the past few months and finally, today it broke above the triangle pattern. The breakout was very clean while the price on 4h and 8h charts closed above the downtrend trendline. What is interesting is that the breakout was accompanied by a heavy volume and was very sharp. This could indicate on the money and interest flowing into the Elastic coin where trading under heavy volume is likely to continue. If this will be the case, investors ave could see an explosive move up on XEL/USD, potentially resulting in 200%, 400% or even larget growth against USD. First strong resistance could be at 127.2% Fibonacci retracement level applied to the corrective wave from August, that is $1.15. The second target is 227.2% level at $1.9. Only a break and daily close below the $0.17 will invalidate bullish outlook. The rewards for such a small risk seems enormous and therefore the buying opportunity is very attractive.
XLong
by CryptoPAMM
15
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.
X
by qedbeech
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.
X
by qedbeech