The whole Cryptocurrency market is blood shedding following the Tether and Bitfinex saga, Bitcoin and other prominent altcoins endured a loss of as much as $10 billion. While Elastos is currently trading up by 4.10 percent. Elastos using blockchain technology to issue digital content identifiers, which will help identify who owns which digital assets. The...
Elastos showed some signs of life making daily gains and wicking above the 21 EMA. It didn't quite push through but I think another opportunity will present itself when it bounces off that bottom support range of $2.55 , maybe the bulls can push it through and back up the 200 MA $3.15 range. Of course it will help if BTC finds its way out of the space that its...
Hello, As seen in my last analysis, BTC obvious rejection at the 50 MA weekly. This will continue to play out, as BTC is overbought and has no more short term upside. IT WILL come down, and it will bring the alts down with it. This is okay, this is our one last opportunity to maximize our long term entries. Whether you are a trader or HODLER, this is our...
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.