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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.
Long
by Rainmaking
3
$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 🚀
Short
by Nick.TkgProfits
6
#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.
Long
by MyCryptoParadise
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.
Long
by cybernetwork
$ELA same price action = same resultshello everyone i hope you good today , i just notice great price action and wanna share it with you. In a completely similar movement 6 months ago, we note the following: The two waves started mainly from the support line of the original ascending channel. 2- The price also rebounded from the same resistance area of ​​the channel. 3- Reaching the same strong support area during approximately the same time period (26 days and 28 days). 4- There is a clear divergence in both cases with RSI und STOCHSTIC indicators. -now if The same price movement leads to the same results, The last time, the price rebounded violently within two days, until it reached 5.37, Will the same scenario repeat? what do you think?
Long
by greencandles22
Is ELASTOS a potencial crypto 💤Here again, analyzing the market, I recently noticed the crypto ELASTOS , which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down. My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like (Bitcoin, Etherum, etc..) did it to. Since then price started accumulating. Trading analysis: Price made a BOS (Break of Structure) and respected the zones of supply marked in blue. What"s next for another HH (Higher High)? Now price is dropping to the new supply zone 2.0$ 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.
Long
by BRWGTRADING
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
by FriendlyFibonacci6765
ElaUsdtThe coin was about $ 70 when it arrived But over time, it has experienced many fluctuations and falls In September, another part of Redemption of this blockchain will start working for DeFi contracts, and in November: so this Road map on 2020 2020 Sep Elastos integrates Chainlinks Oracles and releases DeFi roadmap, thus equipping its ecosystem with technology to source reliable, off-chain data to support a robust DeFi ecosystem 2020 Nov Elastos Joins World Economic Forum’s Global Innovators Community, a highly selective group of the world’s most promising ventures at the forefront of technological and business innovation. So he still has a good ability to rise in AltSeason and reach good goals This plaque needs more effort to get back to the top GL Supports: 3.6857 >>>EntryPoint 3.2976 >>> Best EntryPoint 2.8981 2.5729 Resistance: ( You can see Yellow Trend resistanc eline and ) 4.1271 Targets : 4.5530 5.6246 7.6095 9.6300 12.6653 Targets for Mid time : 18.2232 23.5029 33.9412 GL guys
Long
by Shivaz
2