ELFBTC
AELF(ELF/BTC)-Long setupAELF (formerly Grid) main goal is to create a decentralized cloud computing network. AELF is a decentralized self-evolving cloud computing network. AELF provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance To establish a Blockchain infrastructure for various commercial requirements,
There is an upcoming MainNet launch of this project by the end of this month i.e around 31st March'2019 and could be one of the cryptocurrencies with upside potential.
It might affect AELF price analysis so let's analyze daily Timeframe chart of the pair to know levels to buy for upside potential.
ELF/BTC pair ranged for more than 2 months since November'2018 and finally broke out of range in the month of February'2019. It moved 50+% against BTC pair on Binance and has been under correction. But, it has the more potential upside for the pair with the upcoming catalyst (MainNet).
If the pair breaks the preliminary resistance around 0.00004830-0.00005000 satoshi level Satoshi, then one buy at these levels after the retest.
If the resistance is not broken then we can see the price reaching support level 0.00003495-0.00003721 satoshi where interested buyers can look for these levels to enter for safe entry.
If the 0.00003495-0.00003721 satoshi level is not held then one can look for buying around 0.00002835-0.00003000 satoshi level with a tight stop-loss. Sellers can look for two potential resistance zone around 0.00005000-0.00007000 satoshi to book profits. Also, it has been trading above the 200D-SMAs and inside Ichimoku cloud, which is slightly bullish with STOCH-RSI indicator in the sell zone.
Caution: If the last line of support 0.00002835-0.00003000 satoshi level is broken then one should not hold the coin as it would be strongly bearish for the asset.
aelf Bottomed Out [ELFBTC][650% PP]aelf (ELF) Overview
aelf is a decentralized, self-evolving network. Aelf provides a highly efficient multi-chain parallel-process system, and a self-evolving computing network with self-evolving governance and cross-chain communication. The platform brings scalable nodes across clusters of computers, voting through token holders and resource isolation for smart contracts and its three main innovations.
aelf (ELFBTC) Chart
Weekly chart:
We have a high volume bounce and increase in trading volume after an all time low was hit.
Bullish divergence showing up on the MACD and RSI points to a breakout soon.
Trade instructions for aelf (ELFBTC) – Alan Masters
Buy in: Up to 0.0000444
Targets by Alan Masters:
Shor-term
(1) 0.0000555
Mid
(1) 0.0000601
(2) 0.0000651
(3) 0.0000721
(4) 0.0000811
Long
(1) 0.0000904
(2) 0.0001044
(3) 0.0001174
(4) 0.0001274
(5) 0.0001404
(6) 0.0001654
(7) 0.0001984
(8) 0.0002384
Stop loss: Close weekly candle below 0.0000250.
Capital allocation: <10%.
AIMING FOR THE TOP
Keep walking, keep moving, keep pushing, go higher.
You can accomplish it all, until your last desire.
Keep thinking, keep working, keep visualizing more.
You dream only gets closer… your aim is always the goal.
Keep going, keep going, you can finally see it all.
Continue going higher, the winning grows inside, success is already yours.
Namaste.
ELF-BTC Long Trade PlanCommodity : AELF
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1 Week
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 10% to 29%
Prospective Loss : 8%
RRR : SL to TP1 is 1.22, SL to TP2 is 1.88, SL to TP3 is 2.54 and SL to TP4 is 3.47
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
#ELF unleashedELF have been in accumulation for long and even in this pump didn't fully achieved targets.
We are inside a broadening wedge and we are going for the kill before mainnet release at 31st March.
ABCDE Wave pattern will be completed soon giving us a reversal buy zone, I'd like to call attention that point E (buy) more often than not reverses half way to bottom, and we have here some pretty sweet spots to get ELF, being them 61.8%, 78.6% fibos and finally bottom of broadening wedge and support at 2868 sats.
Our macro targets here are huge, and we didn't even achieved this time algo target of -23.6% fibo or 127% ext fibo
Breakout zones: 3250 - 3340 - 3449 - 3592 > open to Macro targets - breaking this ranges will take us above, they are resistances our main resistances to achieve macro targets.
Take-profit zones: 3617 - 3855 - 4158 > MACRO > 4543 - 4731 - 4969 - 5657 open to 6771 - last and respectively 361.8% fibo
As a heads up, we have been profiting quite few times with ELF swings and this major move was expected already where we booked 36% profit, If you'd like to join us or more info, PM, we are a free channel.
ELF - 73%+ Potential Profits! [FREE TRADING SIGNAL]Pair: ELF/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Technical Analysis
- Nearing Breakout From Falling Wedge
- Good Volume
- Similar Set Up To Other Altcoin Rallies
Our Entry Zone
0.00002770 - 0.00003080
Our Targets
1: 0.00003230
2: 0.00003820
3: 0.00004790
Our Stop Loss: 0.00002500
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Have a great day,
Crypto Eye Team
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DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.