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 ;)
