Hi all Here is an update to my previous XEL USD analysis. Please use it as a guide. look for reversal signals at key resistances and supports. (RSI divergences are my favorite) This is just for educational purposes and is not trading advice. Please just use as a reference to make your own trading decisions! All of this is just an educated guess at best... No...
The beginning of a bullish run similar to the previous one. First target to reach is 35k sat.
You can check the comparison here: twitter.com
After this triple bottom XEL should go to the moon soon, if it breaks the resistance...
XEL had a nice rise over the past day, if it goes above the 1H cloud and uses it as support I suggest buying back on the retrace of .618 or .5 of the move.
Triple bottom support suggests there's a reverse in market trend. It went down and touched 90, I bought all in at 97, now it's going up and only up. Get in before it's too late!!
Elastic 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....
I like to chart with USD as base because it removes all BTC price fluctuations. Also fib levels and price action aligns better in USD Further more a friend at a hedge fund let me know that they convert all BTC base to USD for their algo - which drives the market. So it makes sense to chart in USD over BTC. To trade off of this chart it's best to use trading...
will be updated. As you can see it says "get rich or die tryin" Target: +20K and its totally short.
XEL is great, we've seen what It can do when it wakes up, there was hype and there will be hype again Because XEL is great fundamentally + TA Enjoy
Could react here or below, but that could be the start of a strong uptrend too