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Elastos / Bitcoin

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ELABTC trade ideas

ELASTOS:BITCOIN long trade.Been re-accumulating within the golden pocket, after earlier selling into BTC btwn the 23rd and 26th of Jan 2022, based on my CYBERENSEMBLE (technical) and PRISM Signals (momentum) buy/sell indicators. ELA just broken out of golden pocket above 61.8% Fib level. Setting stops between and below 65% Fib level and the 200 daily SMA (thick orange line); increasingly invalidates the bullish thesis if ELA drops to those levels. The thin orange line is the 200 VWMA. Potential ~70% profit. Will switch to a trailing stop loss once price breaks above the 50 daily SMA level (green line). Red line is the 21 daily EMA. My CYBERENSEMBLE (technical) indicator also had now flashed a buy. Still waiting for the PRISM Signals (momentum) indicator to confirm the upward move. ELASTOS has really strong fundamentals to me: deserving of becoming a top ETH layer2 scaling solution especially with the release of the excellent "Essentials" wallet and "Feed" and a growing ecosystem of enthusiastic community of developers, NFT contributors, and investors; and potentially a highly viable scaling solution for BTC as well. A good project to invest into and hold for the longer term as well.
Long
by cybernetwork
ELASTOS - time to get involved !!Elastos is a very very underrated project that has been in a bear market for more than 3 years. It has drawn a beautiful rounded basing pattern with a possible double bottom during the last year. Recently volume has been picking up big time and OBV on balance volume has jumped significantly without giving back recent improvements. This project aims to build the decentralized web 3.0 and has recently been put forward by the World Economic Forum. With a fully diluted MarketCap of only about 100 million USD I esteem that it has a 1000 x potential (long term). Please DYOD ! This is not financial advice - but today I took an important position in this project !!!
Long
by Dangermousebanana
2
ELABTC Range Low| Volume Influx| Price Action| Trend Evening Traders, Today’s analysis – ELABTC – trading above its Range Low where a bullish retest is probable, Points to consider, - Price Action Impulsive - Range Low Support (.382 Fibonacci Confluence) - Range High Objective - Volume Influx ELABTC’s immediate price action is impulsive, breaking a key level allows for a bullish bias on the retest that has confluence with the .382 Fibonacci. The immediate objective is the swing high, exceeding this level increases the probability of a trend continuation. Current volume profile has an influx, follow through is critical to sustain strength. Overall, in my opinion, ELABTC is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeaje
Long
by AzizKhanZamani
1
Long term Trend Analysis for Elastos "The Modern Internet"Trend analysis of my favorite project Elastos. Imagine a peer to peer internet secured by Bitcoins hashing power with the technology to secure all other chains like Ethereum allowing projects to focus on their technology and usable products and services. Rong Chen has worked in the computer industry since early Microsoft days working on operating systems. He has had a long term vision on how operating systems should work and he can explain in great detail for those interested he has great interviews available. A short explanation of the project for those interested taken from Rong Chen interviews. The idea of SaaS was presented by Microsoft in 1998 and 1999, but it was not fully realized. People think that web service for the masses is SaaS. In fact, web service is still far from reaching our original vision. In a big way, Win10 finally attained what we thought up in 1998 and 1999. Fortunate for us with a little luck Rong Chen worked on his project Elastos long enough that Rong made it to see the digital revolution of trusted decentralized peer to peer interactions in Bitcoin giving him the vision to start the journey to finish his the ultimate vision of Elastos with the help of those looking to build a new internet. Elastos is actually creating this universal P2P network. For example, if you want to download a movie, file, or audio text, this P2P network is actually similar to Skype, or QQ. The first step of this network is to initiate decentralization, and use blockchain technology to remove skype.com and tencent.com. Elastos’s P2P network has already been open sourced and they post progress on bi-weekly report. Elastos looks at the problem of the current internet in a very holistic way seeing its lack of data ownership and privacy as fatal flaws. Through its use of Elastos Carrier, Hive (decentralized file storage), Trinity browser and other vital pieces, Elastos attempts to build a peer to peer internet where trusted users interact and build value together on a trusted network with true data ownership and privacy. June will hold the initial Cyber Republic election and be a very large step for Elastos. While DPOS voting has been going off as planned with the elected nodes confirming transactions, often maintaining over 50% of Bitcoins hash rate. Merged mining is done with a simple line of code and no additional computing power(currently @ 48% of BTC hash rate) election will open up elected officials to help direct the project and use funds to increase development. The ELA token has not performed well to its current date,however that has not kept the team from putting out a new bi-weekly report like clock work and continuing the build the project Rong Chen has visioned. With your help and participation in the new Cyber Republic we can build a new and better internet. Will you be part of history voting in the inaugural Cyber Republic Election? www.cyberrepublic.org Tuum Tech Bi-Weekly Report www.youtube.com
Long
by FriendlyFibonacci6765