BabyElon - First Major Correction Seems to be Completed
Greetings,
It feels like BabyElon may have completed the first major correction of it's life and is consolidating around the strong support of $0.0(11)800. If this support breaks we don't have much support until all time low.
If the consolidation succeeds, we can expect a breakdown soon specially with team expected to have a big announcement tomorrow. Once it starts to move up, previous levels of support will act as new levels of resistance.
1st target - $0.0(10)2300
2nd target - $0.0(10)3500 (beyond this we will start a new price discovery)
3rd target - $0.0(10)5000 (this will be a psychological resistance)
4th target - $0.0(9)10000 (we can potentially see another major correction at or before this level)
This coin is still very new but team has been avoiding the noise and doing their work as they should therefore in the long run it should keep growing but time will tell.
Please FOLLOW to stay up to date!
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
It feels like BabyElon may have completed the first major correction of it's life and is consolidating around the strong support of $0.0(11)800. If this support breaks we don't have much support until all time low.
If the consolidation succeeds, we can expect a breakdown soon specially with team expected to have a big announcement tomorrow. Once it starts to move up, previous levels of support will act as new levels of resistance.
1st target - $0.0(10)2300
2nd target - $0.0(10)3500 (beyond this we will start a new price discovery)
3rd target - $0.0(10)5000 (this will be a psychological resistance)
4th target - $0.0(9)10000 (we can potentially see another major correction at or before this level)
This coin is still very new but team has been avoiding the noise and doing their work as they should therefore in the long run it should keep growing but time will tell.
Please FOLLOW to stay up to date!
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
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