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ELFBTC trade ideas

Trade Signal for ELFBTC: SellHello traders, We have identified a trading opportunity for the ELFBTC pair using the EASY Quantum Ai strategy. Below are the details of the trade signal: Direction: Sell Enter Price: 6.46E-06 Take Profit: 6.12E-06 Stop Loss: 6.79E-06 Justification: Our analysis indicates a bearish trend for the ELFBTC pair based on several key factors. Firstly, recent market data has shown a consistent downtrend in price movements, suggesting a continued bearish sentiment among traders. Additionally, the EASY Quantum Ai strategy has identified this setup as an optimal sell opportunity due to various technical indicators aligning, such as moving averages crossing downward, confirming the decrease in buying momentum. Lastly, the applied strategy takes into account prevailing market conditions, which show increased volatility, further supporting the possibility of a price decline. The tight stop loss at 6.79E-06 ensures that risk is minimized in case of unexpected market reversals. Ultimately, the combination of current market trends and innovative analytical tools forms the basis for this sell signal. Monitor market conditions closely to adjust your positions as necessary. Happy trading!
Short
by ForexRobotEasy
ELF/BTC - aelf: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the NYSE:ELF / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00001119 | 0.0000116 | 0.00001268, and the major support zones can be found at 0.00001011 | 0.00000944 | 0.00000836. Consider entering at the current price zone of 0.00001117 and targeting higher levels. ◰◲ General info : ▣ Name: aelf ▣ Rank: 166 ▣ Exchanges: Binance, Kucoin, Huobipro, Mexc, Hitbtc ▣ Category/Sector: Services - Shared Compute ▣ Overview: ælf looks to permit scalability and extensibility through a multi-layer branching structure formed by a main chain and multiple levels of side-chains. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001117 ₿ ▣ 24HVol: 9.300 ₿ ▣ 24H Chng: 5.377% ▣ 7-Days Chng: -5.68% ▣ 1-Month Chng: 0.65% ▣ 3-Months Chng: 3.05% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001119 | 0.0000116 | 0.00001268 ◢ Support: 0.00001011 | 0.00000944 | 0.00000836 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.56 ▣ Last 90D: -0.31 ▣ Last 1-Y: 1.32 ▣ Last 3-Y: 0.71 ◲◰ Volatility : ▣ Last 30D: 0.42 ▣ Last 90D: 0.38 ▣ Last 1-Y: 0.53 ▣ Last 3-Y: 1.45 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.61 - Bullish ▣ In-depth ELFBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
$ELF/#BTC [#aelf]: SuperTrend Resistance_Breakout_Confirmation◳◱ We have identified both a Super Trend pattern and a Resistance Breakout on the $ELF / $BTC chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.00001076 | 0.00001159 | 0.00001307 and the major support zones are at 0.00000928 | 0.00000863 | 0.00000715. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001016 ₿ ▣ 24HVol: 17.623 ₿ ▣ 24hChng: 0.994% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001076 | 0.00001159 | 0.00001307 ◢ Support: 0.00000928 | 0.00000863 | 0.00000715 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.34 - Bearish ▣ Reddit sentiment score is 0.61 - Bullish ▣ In-depth ELFBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
SYMMETRICAL TRIANGLE PATTERN - ELF/BTC REVIEW 📚Good day everyone. Today I'll be discussing on symmetrical triangle patterns. How it looks, builds up, and plays out. 1.DEFINITION First of all, what is a symmetrical triangle? A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. What’s happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. If this were a battle between the buyers and sellers, then this would be a draw. This is also a type of consolidation. Symmetrical triangles can play out both ways - equilibrium consolidation (buyers = sellers). This mean there's a possibility a breakout ⬆️ and a breakdown ⬇️. 2. ENTRY (TRIGGER ENTRY SIGNAL) In a symmetrical triangle pattern , you're to trade the breakout or breakdown. So your trigger entry is basically when the inclined resistance (for a breakout ⬆️) or inclined support (for a breakdown ⬇️) is broken by the market price. 3. TARGET (TAKE PROFIT) Here, I'll be discussing on your profit target levels in the case of a symmetrical triangle pattern . Basically your take profit levels should be where there's a high concentration of sellers ( sell orders ) or buyers (buy orders). And this is basically your resistance levels (in the case of a breakout) and your support levels (in the case of a breakdown). Further targets are the fibonacci extension levels (1 - 1.272 - 1.414). 4. STOP LOSS AND SETUP INVALIDATION Stop loss and setup invalidation are quite similar terms but different. Stop loss is simply a level where you cut your losses. It's like a breathing space for your trade. Your stop losses shouldn't be too tight ( to avoid being hit by stop loss hunting or market noise). It shouldn't be too far also (to give you a good risk to reward ratio (R:R)). Setup invalidation is your last hope of validation. It's the last point that keeps a trade setup valid. When broken, the setup is invalidated ( no longer useful, you'll need to run another analysis). Setup invalidation in a symmetrical triangle pattern is usually below the previous swing low ( for a breakout ⬆️) or the previous swing high (for a breakdown ⬇️). Note: Your stop loss can be less or equal to your setup invalidation, but not greater. 5. TRADE EXAMPLE I'll be using my analysis on ELF/BTC as example of a symmetrical triangle pattern . Trade entry (long order ⬆️) - Limit entry at the test of the symmetrical triangle's inclined support or price breakout above the symmetrical triangle inclined resistance as expected from my previous analysis. - Target (take profits levels 🎯): horizontal resistance / projected ascending channel resistance. - Setup invalidation and stop loss: breakdown below the previous swing low. Price brokeout as expected from my previous analysis and hit my targets. That's that for symmetrical triangle pattern. Thank you.
Education
by Chibuike_Odoh
EFLBTC | Zoom Out And Look At It Long-Term! (3000%+)We can see over 130% growth in the past week for ELFBTC. Some people say this is too much growth and it "must retrace" now... You know what I say? Zoom out and look at it long-term! ELFBTC is just coming out of a new All-Time Low, hit back in January, when I was saying that the altcoins would have multiple years of sustained growth (higher highs and higher lows). Now, back to the long-term... The potential for growth is massive, we are looking at 3000%+. Just as new All-Time Lows can be hit, on the other hand, new All-Time Highs can also be reached. It can take a while but we will get there. Namaste.
Long
by AlanSantana
5
ELF/BTC { AELF } - BULLISH SETUPANALYSIS 🔎 - ELF/BTC has been consolidating in a symmetrical triangle pattern. - Price is testing the symmetrical triangle's inclined resistance as expected from my previous analysis. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the symmetrical triangle's inclined resistance. - Limit entry: test of the symmetrical triangle's inclined support. TARGETS 🎯 - Horizontal resistance level (@0.00000823). - Horizontal resistance level (@0.00000911). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
ELF/BTC { AELF } - BULLISH SETUPANALYSIS 🔎 - ELF/BTC is consolidating in a symmetrical triangle pattern. - Price is testing the symmetrical triangle's inclined support. - There's an ongoing double bottom formation. - A double bottom is a bullish reversal pattern. BUY ENTRY ⬆️ - Aggressive entry: current market price. - Conservative entry: breakout above the double bottom neckline resistance. TARGETS 🎯 - Horizontal resistance level at the mid region of the symmetrical triangle. - Symmetrical triangle's inclined resistance. SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level and the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh