Long

ELASTOS (ELA), an altcoin with the potential to do what ICX did?

Updated

I am presently looking at Elastos atm, i.e. ELA (on Huobi or Kucoin)
Been cost averaging in since it was at around ~1.5 USD.
Looking like it might do an "ICX" style parabolic pump anytime now. But lower MCAP = greater risk.

Sensible risk management is advised.

I like their fundamentals as well -- the project itself as well as their team leadership.
But certainly not a financial advice. ;)

Note

BULLISH: Looks like the price have established support over the top green trendline!
Target eventually at the 61.8% level (0.00031317 BTC) perhaps?

First, it will need to break up above 0.00025691 BTC first, and then clear the 127% level (0.00028186) as well.

Note

Parabolic targets is not possible to predict. However overall market looks to be in a healthy bullish accumulation phase presently, and most importantly, price appear to have broken above the ascending channel and found support above it.

Stoploss presently set at ~0.00023 BTC; to be periodically adjusted.

Note

Unable to hold above top green trendline.
Expected to now drop down to revisit the bottom green trendline at 0.00022188 BTC (38.2% Fib Retrace)

Note

Price came back down and found support at the bottom green line as predicted. It tried to pierce lower twice but rebounded slightly, showing that there is still bullish strength in the market.

Note

ELA heading up to retest the upper green resistance level again as predicted; will it pierce and test over it again?

Note

3hrly Chart Update (extended trendlines):

Cyber Ensemble for ELABTC appears to conform better to the 3hrly chart

cybernetwork

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