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ELFBTC trade ideas

Moon potential! Recent ICO coins - AELF (ELF/BTC)In this post I'm taking a completely different approach as usual - looking for the hidden gems or ... recent "ICO" coins that have been dumped in the bear market yet have immense growth potential, and due to the bear market - even more "mooning" potential ! ------- This post is about AELF ("ELF") - a crypto (also labeled at times as the " Polkadot of China ") that aims to solve both the scalability and cross-chain communication (just as Polkadot does) challenge by introducing the concept of " parallel sidechains ". AELF goes one step further by trying to solve the scalability issue as well. I know - this all sounds a bit like blattery & technical Chinese for you probably, well it is also a Chinese coin :D Scalability is one of the major problems preventing blockchain technology in general from achieving any trend of mainstream adoption. E.g. Ethereum still has a quite limited 15 transactions per second (TPS). This is an order of magnitude far too slow for any real mainstream use. Ethereum will take some time in solving that scalability issue, but it is working on it by preparing a move from the "POW" (proof of work) protocol to a proof of stake ("POS") protocol . A good example of the latter is NEO, with a max theoretical transaction processing speed of 10.000 TPS (!). (Fun anecdote: the crypto kitties hype practically crippled the ETH performance for some time, even though it wasn't even such a big fad). So... scalability is crucial to blockchain tech survival, and the race towards providing the best solution (s) is on the table. AELF is in this race. And...it did not even go to the "ICO" stage, because it was completely sold out at the "VC" (Venture Capital) phase (investors were some of the largest "VC" players in Asia) :-) So what more is there to say about this possible "mooner": --> It will release a main net by Q2 2018 (according to its planning, and which is very soon compared to other players) --> It has some serious "VC" backing AND is trying to solve the most crucial challenges to blockchain technology , and seems to be doing a pretty promising job at it so far --> Its market cap currently stands at $150M . If it were to reach the same size as some of the more known players, it could easily double, triple, quadruple, and go to the moon. -------- Today's Technical chart situation: --> We are looking at a golden cross in the MACD, an oversold RSI, and a downtrend that is about to be broken. Let's get some green volume behind that and see if the time is already now! --> Strong support on the light green horizontal line --> Could even be a cup & handle in the making -------- Conclusion: --> This coin was already interesting back in January before the sell-off. Now, after a decent correction that cut the coin's price back from around over $2,5 to about $0.58 today, it is even more interesting to have a look at. The upward potential is considerable. --> China is rather restrictive lately on "ICO"s and stuff, making this investment maybe somewhat less interesting or more risky --> We are still looking at an overall crypto bearish sentiment, so don't expect to make a quick buck on this. On the other hand, if you are patient, it can make sense to buy a small position in this one, simply because of its risk/reward ratio. Be patient for a couple of months - maybe even a year, and the odds are in favour of a pump on this one. Definitely do your own research, I am merely pointing out that some coins out there might be interesting in putting a small position. Huge potential, but risk alike. --> May I ask you, to like this post, if i) you liked it of course; ii) found some value in it; iii') would like to get more of this! All the best!
by A_Cryptastic_Mind
7
ELF in Buy ZoneThe instability with Bitcoin coupled with a major sell-off, has put ELF below the .786 fib, looking to break resistance. It has found strong support from previous resistance before the bull rush in Jan, which retraced 100%. USD value (.71) close to All time Low (.68), Bullish divergence on the 4hr RSI. I don't imagine a strong project like this, especially a protocol/platform token, falling much lower. But don't rule anything out in Crypto. Always use a stop-loss. 5x the volume on Huobi vs Binance currently. And Huobi has the option to go directly into Tether. This would be a medium to long term hold. Aelf is regularly getting more listings and partnerships, and has major roadmap events set to deploy between now and during May 2018. Always do your own research before taking on a long term hold. Here's a beginner's link: coincentral.com Happy Trading. -SJ
Long
by saadcrates
1
ELFBTC - I hate to be the bearer of bad newsElf will fall further. There are no indications that this coin will rebound soon. 1. volume has plummeted since February 2. 2. on march 3-4 was a big opportunity for Elf to break out of the falling wedge, but failed. But this wedge support is strong, prices have bounced off at least six times. It can be used as a guiding light. 3. each time the RSI was oversold, there has been no volume for a rally. Waiting for prices to break the falling wedge and volume to come back.
by RLUM18