ELA seems to bottomed and now on a bullish trend.
3 Fibonacci grids drawned : 1 : Fibonacci retracement from November high to 15 February swing low 2 : Fibonacci extension from 15 February low to 9 March swing high 3 : Fibonacci extension from 15 February low to 3 April swing high Confluences provides 4 very interesting resistance / support levels (if confirmed) to watch for ((x) indicates above...
Check the daily chart, if immidiate resistance between ~4.1-4.3 is breached then rise to 6 USD is possible. Limited volume has occurred between ~4-6 USD which will be like driving a warm knife through butter for ELA.
Pair: ELA/BTC Exchange: Huobi Trade Duration: Long Risk: Moderate Signal Strength: High Introduction Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. Today, there is a seemingly infinite supply of digital books, movies,...
Elastos entered right now its market structure, I would like it to see it consolidating here for a couple days before it breakes out upwards. Entry a bit below the market structure and expecting it will wick into it. When we start closing (on a daily) below the market structure I would probably look to get out of this trade at break even.