Giant Inverted Head and ShouldersElastos seems to be forming a giant inverted head and shoulders pattern as we can see on the monthly chart.
Very bullish on breakout.
ELAUSDT trade ideas
ELA ELASTOSSomeone asked me to do an elastos TA
Looks like there's been a pump recently? a big chunk has been burnt!
it's in a descending triangle which we know ain't good!
short term you might see small moves to try and test the descending resistance as the rsi is in oversold.
long term the daily charts are way overbought so a move down to the fib support 2.50 ish!
personally I wouldn't go near it , the pump was by the looks of it buy the rumour sell the news.
traders using it for small gains.
sorry if you're into ELA, nothing personal, hope it proves me wrong.
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ELA has just turned the cornerFirst CR Council has been put in place, 13 million token burn (app. 30% of total supply) has just been approved and will take place in July 2020, and integration with Chainlink on the ETH sidechain has been announced.
Future looks bright for Elastos, and the monthly Parabolic SAR has just switch to a buy.
Elastos on the Edge of Breaking 2 Year DowntrendOne of my alt calls here ready to explode.
Not many altcoin projects are as built out and ready for developers as Elastos.
They got mainnets, sidechains, ID chains, you name it and most crypto projects are STILL celebrating mainnet launches.
Eventually a project within the top 15 of developer activity will get noticed.
That time is more than likely coming soon, specially now with the launch of Cyber Republic, the community taking over the project in its entirety.
On top of all of these fundamentals, the chart is just done taking a beating and I'm willing to double down, and I did.
I'm ready for Elastos to move to $3 very soon and have a modest target of $5 by EOY.
It could easily explode to +10 if everything aligns, including a top tier Western exchange listing coming in Q3.
Let's see what happens!
- CA$HLESS
ELASTOS || Long or Short || Share your views in commentsHello everyone, as ELA is favourite for many traders, i have got a look on this.
Risk Reward(RR) is 1:2 for Target 1 which is good.
Everything is mentioned on the charts.
Remember not to risk more than you can afford, so trade under your risk capacity.
Best of Luck.
Checkout some more ideas below and show your support for this work by giving a like.
Buy Elastos (ELAUSDT)Elastos is looking good for an upmove. Buy with stops of daily close below $1.35
Elastos on the riseIf Elastos can continue its run up and above the 200MA it could be clear sailing up to the $2.68 to 2>78 range or if rejected back down to old lows
Elastos Bounce OpportunityThere is good bounce opportunity as Elastos nears its all time low. Elastos continues to make strong progress with its technology and community in spite of its falling chart.
i.imgur.com
Will Elastos Price Surge to $5 or Fall to $2?
Elastos needs to make computerized resources uncommon, recognizable and debatable. Property rights open the entryway to riches creation and Elastos plans to make another World Wide Web that regards these rights.
In an ongoing declaration, Elastos referenced the consummation of its Delegated Proof-of-Stake (DPoS) segment, which will go live after the network casting a ballot procedure. The democratic and usage procedure has been isolated into 6 stages, dates are not yet discharged by the organization yet it is normal constantly quarter of 2019.
As noted not long ago, the dispatch of DPoS will speak to the culmination of its half and half accord calculation, which is a crossover of helper work confirmation and designated verification (AuxDPW X DPoS).
News Source: TheCoinRepublic
Elastos (ELA) Price Prediction : Will ELA/USD Price Surge to $5
The whole Cryptocurrency market is blood shedding following the Tether and Bitfinex saga, Bitcoin and other prominent altcoins endured a loss of as much as $10 billion. While Elastos is currently trading up by 4.10 percent.
Elastos using blockchain technology to issue digital content identifiers, which will help identify who owns which digital assets. The combination of Elastos and blockchain technology lays the foundation for a trusted and secure Internet of wealth. Elastos will be a platform for decentralized applications (Dapps) running on a peer-to-peer network without centralized control. It will create an all-new Internet interface, it’s VM will increase security, processing power, fixing flaws in general Internet protocols, allowing devices to operate in C rather than java.
Elastos wants to make digital assets rare, identifiable and negotiable. Property rights open the door to wealth creation and Elastos intends to create a new World Wide Web that respects these rights.
In a recent announcement, Elastos mentioned the completion of its Delegated Proof-of-Stake (DPoS) component, which will go live after the community voting process. The voting and implementation process has been divided into 6 phases, dates are not yet released by the company but it is expected by the second quarter of 2019.
As noted earlier this week, the launch of DPoS will represent the completion of its hybrid consensus algorithm, which is a hybrid of auxiliary work proof and delegated proof (AuxDPW X DPoS).
Price prediction for Elastos
With the current market scenario, much change in the price of ELA is not expected. However, the Cryptocurrency market is highly volatile and unpredictable, the price prediction will purely a gamble and a chance than a guestimate based on data.
Let’s take a look at the publications and eminent personalities and their predictions regarding the Elastos Prize (ELA), which will give us another perspective to consider:
Cryptoground
The algorithm at cryptoground.com sees a strong price increase on the horizon for Elastos: the forecast for the month of December this year is $ 19, which would represent nearly 10 times the current price.
WalletInvestor
As we are used to, Walletinvestor’s forecasts are rather skeptical, as they see ELA fall below the $ 2 mark, to about $ 1.3 in December.
DigitalCoinPrice
This automated software has a moderately optimistic algorithm that makes ELA earn $ 5 by the end of the year.
Elastos rejected but another bull shot comingElastos showed some signs of life making daily gains and wicking above the 21 EMA. It didn't quite push through but I think another opportunity will present itself when it bounces off that bottom support range of $2.55 , maybe the bulls can push it through and back up the 200 MA $3.15 range.
Of course it will help if BTC finds its way out of the space that its been ranging in.
