Elf trend reversal
Elf 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)
+
- 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)
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.
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.