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Aelf

ELFBTC - The future is coming?I have been following ELF for a while, and it is a neat project. I recommend everyone to read more about the fundamentals to compliment the technical. When trading in the crypto arena, eyes must not develop tunnel vision, but instead, see the bigger picture. With the markets so volatile, there is no such thing as a guarantee. The person who is the most uninformed will be the most broke. Fundamentals: In short and without being esoteric about the technology, AElf seeks to innovate the current "archaic" (ironic) blockchain technology. Although it may sound cliche in the blockchain world, their project is "unique" in that it attempts to solve issues that blockchain technology is facing rather than depending on the current blockchain technology as part of their overall startup idea. The issues that current blockchain technology is slow speed, high cost, a limited scalability, much akin to Bitcoin's ongoing issues preventing it from being utilized as an everyday currency. AElf's goal is to streamline things through their "blockchain system" to optimize the performance. AElf will run nodes on clusters. It will allow assigned transactions to different groups based on mutex of the transactions. Transactions within a group will be processed in linear sequence, while all groups will be processed simultaneously. The assigned node groups are elected by AELF token holders based on the node’s processing efficiency as well as their profitability. The interesting thing about this is the "voting system" which will allow AELF to be entirely community driven, decentralized, and allow community members to elect mining nodes, features, and important decisions. I have not seen any other project like this, other than arguably EOS, but that is a matter for a separate topic. Here is a link to their development roadmap which I like to use to track their project and know approximately when to keep an open eye for price movement: github.com Here is a page for updates on their project: medium.com Technicals: Elf had a steady run up earlier last week making it to its ATH. This week, the profit makers are taking their share. Accordingly, we can see a consolidation of prices under the 1H time frame. The prices have remained steady within a channel between 16688 and 19481 since it fell from the ATH. Judging by the 1H chart, i predict that ELF will bounce off the heavy support line at 16688 (green horizontal line). The resistance will be at three stages (18500, 19510, and 21900) before we start talking about the new ATH target. Since I already have some skin in the game and see that AElf actually has a product (and making progress), I will hold and buy more once I get confirmation that it will bounce off the 16688 resistance. If it breaks through that line, I predict it will fall no lower than the 15550 line since the main trend is up. Worst case scenario is that the feds raid their HQ, seize their assets, news breaking story about how AELF's project is a complete failure, and then the price will nosedive to 12500 territory. Imo, unlikely. Summary: Fundamentals are telling me that AElf is making much progress for a project that raised money in their private ICO back in November 2017 (and as far as we know, did not give discounts to investors for bulk buys). It is already at 17000 sat since November, and will go up plenty more. Technicals are telling me that the long term trend is up and a good hold. The short term trend is telling me that the current downtrend will likely (no guarantee) rebound soon.
by RLUM18
ELF breaking the resistanceELF finaly breaking the old resistances and pumping upwards. I see few possibilities for upcoming scenarios: 1. Resistance is gone for good and we go towards 20k sat psychological resistance line which should be easy to get past after we get going. 2. We close under resistance and retrace towards first trendline before we get ready to test the resistance again. Good level to buy more ELF. 3. BTC starts to move and alt markets lose value. Proly holding this support line. Great level to buy more ELF. Whatever is the outcome, i'm expecting to see 3x sooner or later.
Long
by Em4rk
3
$ELF AELF - no one believed me, targets still intact #cryptolifeI'm on fire today :) Yes, BTC FUD killed my first TA, ELFBTC broke out of the triangle on the wrong side. A lot of people contacted me about that and asked if they should sell. Then more weak hands probably just sold in loss when ELFBTC hit the bottom of the current range. I never sold. I still have my ELF bag. And now ELF is back! actually ELF never left, but established a stronger range and confirmed the strong support. After hitting the bottom of the range, ELF shot back up very agressively. Look at it, on the 4hours chart it's quite clear that ELFBTC maintained the same market structure and that's why I mantain the same targets as before! Zoom out! It's a game of patience guys. Panic sell will lose you a lot of money. I never lost any money on ELF because I never sold. And prices tend to come back! Enjoy. Thanks for your likes, comments and follows. Follow me on twitter for more updates. SmartTipps is my twitter handle.
Long
by TheBigNova
3
Typical pump ahead! Look out for ELF.ELF just got the right mixture. Binance, supply and a perfect timing! ELF was added to my portfolio yesterday, and a chart preview was provided to Koinworld. I'll update my crypto spreadsheet right after I post. The date for purchase will be 6 January. Fundamental It's on Binance . That's where the money is, thats where the pumps happen. Recently they just closed signups though, but money is already there. Sidenote: With all the exchanges closed for new money, which exchange a coin is on is very important. That's been relevant for some time now, and should continue for a while (hoping for longest possible obviously) . That's why Kucoin is the most likely place I'll go hunting for new coins in the upcoming days. Have not updated myself fully on all the exchange statuses though, but from my knowledge at this moment, Kucoin is the place. We could try to look more deeply into the coin, but I'm not gonna do that. This is just a coin I'm in for the pump, then I'm out. If they show something impressive, maybe I'll buy back. What I will go into is the pumpable aspects. Or more accuratly, will there be hype? And how is the supply looking for the next month? I think there could be some hype. You don't need that much money either, it's on Binance and people are swimming in money over there! That's the thing with ELF, its funded entirely by accredited investors. Us ordinary people didnt get a chance. And that's where the supply comes into picture. Or maybe the demand vs supply is a better way of putting it. Anyways. Very few people are in ELF, and I suspect many of those that are will hold for a good amount of time. I think the demand will be a lot higher than the supply in the next weeks. If you head over to their bitcointalk page, you can also see that they did not sell that much of the ELF supply , the majority of it should be locked up atleast for the short term. Only 25% sold to investors. Now you could argue that it's marketcap is too high, and I would kinda agree. 500M at time of writing. But which coin isnt? We are in speculation mode, and its no fun to sit on the sidelines! Technical Only been on Binance for a couple weeks, not much to go on. I've placed some fibs out, and located targets and some support. But those could and will most likely change as we progress. I'll keep updating this chart until we're at the finish line ;)
Long
by Kryptokelly
75