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Elastic

Elastic: The Decentralized Supercomputer. The Golem SlayerSo what is Elastic? Elastic is an open-source project that aims to build the first decentralized supercomputer. Elastic has been developed over the last year or so and provides the infrastructure for a decentralized and distributed super computer, designed to carry out arbitrary tasks over the internet. In this context, Elastic is powered by a crypto currency (XEL) and provides a market-based mechanism to buy and sell computational resources. Those who need computational resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Elastic miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins. The size of their reward depends on the amount of work a miner has contributed in relation to the rest of the miners that have also participated in the task. Using XEL as the driving force, Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners. Fundamentally, this project is in a good place, as its main competition (golem) has a market cap over 5x as high as it does. Being an open source project with arguably better technology and 1/5 the value of its "competition", Elastic has some serious upside. The demand for computational resources will only rise with time and Elastic has a brilliant and decentralized solution for addressing this demand. Technically, we can see some serious accumulation in this range, as elastic continues to bounce from the orderblock indicated by the green box on this chart. We are extremely close to breaking out of this wedge formation, which should propel elastic to the 20-24k satoshi range.
XLong
by LARP_Capital
2
XEL Elastic Until it Shoots UpElastic continues forming an overall cup to its ultimate retrace to .00025. On a short term scale it also seems to be forming a c&h, RSI is on the way down so I expect downward along the gann fan 3/1 until buyers come back to travel through the 4/1. The thin ichimoku cloud might spell more downward action as it either passes through or jeeps rising above it. Yellow dotted lines are historical support and resistance so expect lots of action on those lines as we move up.
XLong
by bingong
2
XEL - 5th Wave, quick tradeSo I bought some XEL recently based off of hype and because I've been studying/practising my Elliot Wave Analysis, Fibonacci, and Ichimoku. Not how I usually do it, but I learn best when I'm invested, so I dropped a small amount in to see what would happen. Worst case scenario, I lose/pay some money for my TA education. This one is pretty clear to me from an EW standpoint. Easy to spot and the fib retracements and extensions have been really accurate. Ichimoku has been spot on as well. So I've made my purchase and already placed my sell. From the little I've read, it is a promising project, so if it takes a little longer than planned I'm ok. Let's see.
XShort
by dctobkk
3