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)
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