ELFBTC - I hate to be the bearer of bad news
Elf 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.
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.
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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.