ELAUSDT trade ideas
Elastos: 4 very interesting Fibonacci confluences3 Fibonacci grids drawned :
1 : Fibonacci retracement from November high to 15 February swing low
2 : Fibonacci extension from 15 February low to 9 March swing high
3 : Fibonacci extension from 15 February low to 3 April swing high
Confluences provides 4 very interesting resistance / support levels (if confirmed) to watch for ((x) indicates above drawned Fibonacci grids):
A : Confluence between (2) 1.618 and (3) 0 / 9 March swing high at ~4.55 USD
B : Confluence between (1) 0.382 and (3) 0.236 levels at ~5.2 USD
C : Confluence between (1) 0.5 and (3) 0.618 levels at ~6.2 USD
D : Confluence between (1) 0.618, (2) 4.236 and (3) 1.0 levels at ~7.25 USD
Interesting to follow, whether the above confluences will be respected in an upturn.
ELA has regained support and may start short term riseCheck the daily chart, if immidiate resistance between ~4.1-4.3 is breached then rise to 6 USD is possible. Limited volume has occurred between ~4-6 USD which will be like driving a warm knife through butter for ELA.
$ELA we going to $4.45 Educational Not advice $ELASTOS is headed to $4.45, educationally. That 3/1 Gann line...touches it probability is high. The green shaded area..if gets into that..has a shot at $5.65
ELA elastos on the move ...over $3 seens $3.45 then $4 ELA elastos on the move ...over $3 seens $3.45 then $4 Education only not advice
