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ELFBTC trade ideas

Aelf looking finger lickin' goodAelf just did a mini double bottom formation followed by a breakout of its trendline. Waiting for a bit of volume to pump into it on smaller time frames, but looks like a good risk/reward ratio trade. I've listed some key levels of resistances for profit taking along the way, should it choose to cooperate. Expect a test to the trendline before it makes its move however. Subscribe to my youtube channel for analysis and trading ideas like this: www.youtube.com
Long
by CryptoFXTrading
Elf trend reversalElf recently broke out of the downwards trend. Retraced ~ 50%, still a young project which I personally firmly believe in long term. For traders this might be a great time to pick up some Elf as well. + - Recent KuCoin listing - Broke downward trend - Interesting technology -- - Relatively low volume - Market as a whole still unsure what to do With the break of downward trend the next level to look at is ~ 16800, which had both big support and big resistance in the past. For traders it might be a good swing trade opportunity there, as it will probably cool off for a bit. If Elf manages to break through the resistance, next levels are ath resistance. TARGETS: 16800 (50% profit) 21000 (90% profit)
by MrWalllie
ELF was my first pick for IDC.INCI eyeballed and started doing research on this coin just before its first big rise of ~125% at around January 15th 2018. We missed out on the big gains at that point as we followed the coin and did research into the project. At IDC Inc. we are starting to take a sizeable position at this level, hoping it doesn't go up too fast before we're able to pick up more while it's still so undervalued. ELF seeks to be a Decentralized Cloud Computing Blockchain Network, with lead investors such as ALPHABIT "one of the biggest names in Crypto". According to PRNEWSWIRE.COM www.prnewswire.com The CEO of ALPHABIT was quoted with this as his statement about the project. "I think we are witnessing a turning point in the Blockchain industry," Roberston said. "AELF is a new generation of scalable Blockchain computing network, using multi-chain structure and parallel processing to solve issues around efficiency, transaction throughput, and governance." He added: "I think this is the perfect storm of high efficiency, flexibility, adaptability, and compatibility - one Blockchain to bind them, one chain to rule them all, so to speak."
Long
by UnityGAndrews
AELF/BTC Rising Wedge bearish formation (Binance)The upper prediction is just an idea, as it's hard to predict that far into the future :) AELF or ELF is young project with very big potential. To put it simply: 1) It's Decentralized Cloud Computing Blockchain Network (They want to take on, some "stress" from blockchain network, for it to be faster.). 2) Roadmap will be updated in February 2018. 3) Token Holders would be able to vote and recieve "annual sallary". 4) It's open source. 5) Project will be ready in 1st half of 2019. It seems like solid long-term project. ---------------------------------------------------------- Remember that I am not a financial adviser. Do your own research before investing in any coin.
by Woer
ELFBTC - potential break outWe are look at a potential break out of the symmetrical triangle. If the price breaks out of the triangle, we can reasonably calculate it to enter the 23000 sat area. This is based upon the length of the beginning of the triangle. The volume is declining on this triangle, which is a good sign. However, we need the volume to spike on the breakout in order to confirm an actual breakout to the 23000 area will occur. The resistance at the 16688 level is strong and has been retested several times, so I doubt it will go below this level. However, I would play safe and place stops at the 16000 area. It is possible that price levels fall towards the downtrend, but by the way that ELF has been acting, I think it wants to go up.
by RLUM18
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