F meet kevin & all them Diddy boysThis could happen. I f with Chico crypto non meet kenin'z B a
Also no financial advice.
NEVER ANY FINANCIAL ADVICE HERE
ELAUSDT trade ideas
$ELA AFTER 1,4$ UNSTOPPABLE The Quasimodo Reversal (QMR) pattern, observed in trading, consists of a sequence of price movements: starting with a high, followed by a low, then a higher high, and finally a lower low. This pattern signals a potential reversal in the market's direction, often indicating a shift from bullish to bearish or vice versa. Traders may use this pattern to anticipate price reversals and adjust their trading strategies accordingly. Elastos, like any other asset, may exhibit this pattern, providing traders with opportunities to capitalize on market movements.
$ELA downtrend continues AMEX:ELA is a project that i need to do a bit more digging on. However, it's looking it's downtrend will continue. There's not much to say about price action accept the fact that it could potentially create a lower low just based off he TSI and MACD. It looks as though it's loosing a bit of steam. The key points of retracement are outline within the chart, if it slides past those key points which i think it will, again it will create a lower low and continue down in it's descending channel. I just don't see any confluence for bullishness on it's weekly.
Good Luck!
#TeamBoomin 🚀
#ELAUSDT's Path to 115% Upside Potential💎#ELAUSDT is currently in the process of forming an extensive triangle pattern when examined on the 3D chart. This pattern exhibits the diligent respect for the uptrend trendline on the downside and the recognition of the supply zone around $2.07 on the upside.
💎A prominent development that has garnered our attention is the precise rebound from the 88.6% Fibonacci support level at $0.87. Remarkably, this bounce aligns almost perfectly with the Volume Profile level. Concurrently, when we consider the 50 Simple Moving Average (SMA), the price has consistently maintained trading above it, with the 50 SMA often acting as a reliable support.
💎At the present moment, #Elastos has once again descended close to the 50 SMA. Given the indication of a clean bounce from the Fibonacci support and the historical significance of the 50 SMA as a buying area, the probability tilts favorably towards an impending upward move.
💎The nearest resistance point is evidently the supply zone near $2.07. However, should this level be overcome by the buyers, the potential for a substantial price increase becomes apparent. The ultimate upside target rests near the 88.6% Fibonacci resistance level. Should this resistance level be reached, it would signify a remarkable 115% growth for #ELAUSDT.
💎Currently, the MCP team's focus is honed in on the price action surrounding the 50 SMA. As long as the price maintains its position above this level, the bulls are likely to maintain control. Subsequently, as the price begins to ascend, our attention will shift towards the supply area, which we anticipate may transform into a demand zone. At this juncture, the buying opportunity may manifest with heightened probability.
💎Amidst the positive aspects for #Elastos, it's essential to acknowledge the potential for an extended consolidation phase, where the price will undergo retesting of the uptrend trendline. Conversely, the worst-case scenario would materialize if the price breaches below the 88.6% Fibonacci support, thereby invalidating this bullish outlook.
ELA pierced above 200 daily SMA, retested and held above.Elastos (ELA), "China narrative", recent partnership new with Alibaba Cloud (from their twitter page), base layer is merged mined using BTC-hash coupled with "BPOS" in a "Hybrid Consensus" system, EVM-side chain with growing(?) ecosystem, founder Rong Chen was a senior engineer in Microsoft.
Been suppressed under the (thick orange) 200 daily SMA since Feb 2022, and now pierced above, retested, and bounced above it.
Green line is the 50 daily SMA. The area-cloud is the Ichimoku Cloud (my own settings) which had turned green (but relatively thin atm) and is where ELA presently is at.
Might start cautiously DCAing in a little now, but start adding significantly more at the red 21 EMA, green 50 SMA, thin-orange 200 VWMA, and thick-orange 200 SMA.
ELA to 1.35ELA flashing a bright green buy sign on the 1Day. Its also flashing a bullish divergence on Cipher B.
Its flashing a 9 on the demark 1Day. Its below a 9 on the 1Week and its flashing a 9 on the 2 week.
This is a swing trade idea. We could still see a lower entry.
Elastos web3 gem? accumulate in the rangeWe expect ELA price to retest the major support.
ELA may be hidden WEB3 gem therefore we believe that it may be a good to accumulate Elastos at the key support level if the price drops there and hold it for the next bull run.
Elastos is in good place ??Back from bottom of channel can make R/R of 3 and more but you have to buy in 2 or 3 step to manage the risks and set stop loss below the channel if it breaks
Have a good day
Learn and learn
NFA
Elastos ELA Price Targets and Stop LossELA/USDT
Entry Range: $2.69 - 2.89
Take Profit 1: $3.45
Take Profit 2: $4.05
Take Profit 3: $4.45
Stop Loss: $2.25
my thoughts to elausdt 5 may will be a important day for the coin 5th wave and and a new cycle to begin
$ELA same price action = same resultshello everyone i hope you good today , i just notice great price action and wanna share it with you.
In a completely similar movement 6 months ago, we note the following:
The two waves started mainly from the support line of the original ascending channel.
2- The price also rebounded from the same resistance area of the channel.
3- Reaching the same strong support area during approximately the same time period (26 days and 28 days).
4- There is a clear divergence in both cases with RSI und STOCHSTIC indicators.
-now if The same price movement leads to the same results,
The last time, the price rebounded violently within two days, until it reached 5.37,
Will the same scenario repeat?
what do you think?
ELAUSDT - long going for 2x above 4H 100EMAGoing for a 2x and a free moonbag above 4h 100EMA, with an invalidation below most recent low. R/R 30.
Long ELAUSDTLong ELAUST
Im looking to long ELAUSDT after a 6h close above 6.60
1st Target - 7.67 zone
2nd Target - 8.66 zone
invalidation daily close below weekly open of 6.19 after a breakout
$ELA THE BEASTSURPASSED the drop channel resistance line and is trying with the old classical resistance,
otherwise it will retest the channel line .
this beast have very good indicators levels and great volume.
we will see more from it
ELA/USDTHello friends, due to the price movement in the uptrend channel, if the resistance fails, we will see price growth.
ELA gogogo! few great men told me to keep it simple and it normally works 80% time, it will go past previous highs, maybe even sooner than this, so keep watching
ELAUSDT hidden gemElastos is a hidden gem.
It´s web3 token which is ready to continue its uptrend.
The demand line hasn´t been broken. Uptrend still in game.
0.618 fib level is our target , however if web 3 tokens have their hype, we expect Elastos to pump much higher
Strong buy now as it´s still cheap after recent correction
No financial advice
Is ELASTOS a potencial crypto 💤Here again, analyzing the market, I recently noticed the crypto ELASTOS , which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down.
My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like (Bitcoin, Etherum, etc..) did it to. Since then price started accumulating.
Trading analysis:
Price made a BOS (Break of Structure) and respected the zones of supply marked in blue. What"s next for another HH (Higher High)? Now price is dropping to the new supply zone 2.0$ close to our KL on 1.5$ .
1º Trend
If price start acummulating and getting closer to 2.0$ i will open my position to hold.
2º Trend
My second option will be to buy on 1$-1,5$ cause price break our HL (Higher Low) and expect price to range till the ending of March as you can see in the box (PAST) that can be reflected in the future.
ELASTOS - last call before breakout !!Heads up !
Elastos is looking strong and is battling agains strong resistance at the 5 to 5.20 mark.
Once this price point is cleared the future looks very bright for ELASTOS.
Stay tuned.
Elastos long term trend breakoutLast weekly move lasted around 126days +/- and moved from the bottom weekly body @ $1.07 to topping @ $3.31 about a 209% move from weekly body to top wick/weekly price. Holding current double bottom @ $1.44 another similar weekly move will most likely put ELA retesting weekly high of June 2019 @ $4.60 as RSI is showing divergence to price with continued lower lows and higher highs.
It will be very hard for Elastos to power through $4.60 to close above it on the first try, look for a high likelihood of rejection and cooldown to retest the 21 EMA. As ELA increases in price the 21 EMA should be rising above previous consolidations of about $2 giving Elastos holders plenty of support from long term consolidation around $1-$2. If Elastos closes a weekly candle above $4.60 it should mark support from long term consolidation that started Nov of 2018. This would mark ~750 days of your chance to buy your founding ticket to the new and improved decentralized internet powered by Bitcoin and the Cyber Republic.
LONG ELA/USDTHi everyone.
If you are looking for long-term investment, ELA currency is the best option for investing. After breaking the downtrend line and pullback on that line, as well as coming out of the uptrend channel ceiling and pullback on that ceiling again, we expect this currency to reach the price of 14$ in the short term and close to the price in the long term. Reach 70$, currently the currency is 5$.
This is a personal opinion analysis.
