Elastos (ELA), "China narrative", recent partnership new with Alibaba Cloud (from their twitter page), base layer is merged mined using BTC-hash coupled with "BPOS" in a "Hybrid Consensus" system, EVM-side chain with growing(?) ecosystem, founder Rong Chen was a senior engineer in Microsoft.
Been suppressed under the (thick orange) 200 daily SMA since Feb 2022, and now pierced above, retested, and bounced above it.
Green line is the 50 daily SMA. The area-cloud is the Ichimoku Cloud (my own settings) which had turned green (but relatively thin atm) and is where ELA presently is at.
Might start cautiously DCAing in a little now, but start adding significantly more at the red 21 EMA, green 50 SMA, thin-orange 200 VWMA, and thick-orange 200 SMA.
Been suppressed under the (thick orange) 200 daily SMA since Feb 2022, and now pierced above, retested, and bounced above it.
Green line is the 50 daily SMA. The area-cloud is the Ichimoku Cloud (my own settings) which had turned green (but relatively thin atm) and is where ELA presently is at.
Might start cautiously DCAing in a little now, but start adding significantly more at the red 21 EMA, green 50 SMA, thin-orange 200 VWMA, and thick-orange 200 SMA.
Note
Also, presently at 61.8% Fib retrace lvl.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.