ELFBTC trade ideas
AELF BREAKOUT? (ANY MOMENT OR SOON) POSSIBLE PROFIT 70% LONGTERMHello, Guys here is Another Good Coin that is Possible to Breakout. As you can see in chart BINANCE:ELFBTC is forming a Bullish Pennant in 4hour Timeframe. RSI is Above 50. Macd will cross any moment. In my own opinion, this is the time to enter into this trade. Also, there's a possibility that it will go down.
Entry Zone
12900
In case it will go down another Entry Zone
11700 - 12300
Possible Target (Medium Term/Long Term
Target 1 - 15800
Target 2 - 19100
Target 3 - 22600
-Incoming AELF EVENT-
May 1 - aelf COO Chen Zhuling will be speaking at World Digital Assets Summit 2018. Date: May 1-3, 2018 Venue: The Ritz-Carlton Millenia Singapore
May 14 - CoinDesk is proud to present our 4th annual blockchain technology summit, May 14-16, 2018 at the New York Hilton Midtown.
" THIS IS NOT FINANCIAL ADVICE!! TRADE WISELY
AELF ELF/BTC [SHORT - MEDIUM] | BUY for 7+% PROFITOur indicators give buy signal!
Entrance : 0.00012830 - 0.00013140
Profit Points : 3% - 5% - 7%
Stoploss (Optional) : 12620
Stay tuned! Follow us for more signals.
Disclaimer: This is not a trade advice, every trade is at your own risk.
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ELFBTC ~ Breakout!ELFBTC
Buy : 12810 sats ~ 12400 sats
Stop-Loss : 12200 sats (-4.5%)
Target : 142220 sats / 15742 sats
ELFBTCdecending wedge, above the 50 above 100ema, RSI good on the 4h. MACD not too bad. ATL at 5600 sats — meaning if it breaks down it shouldn’t go below 100ema. Should see a decent breakout if BTC remains consolidating.
Elf retracement for wave 3Perfect Elliot wave for wave 1- 3 then retrace to wave 4 then up again for wave 5.
Short for now to hit at least .50 fib then bull run.
ELF Breaking OutMassive wick that saw tremendous volume is the target. I know it was on a Bithumb listing but good project and it has retraced and is coming out of falling wedge with volume.
Buddy The Elf What's Your Favorite Color?Risky trade but I see it bouncing off the 55 ema and heading for that red trend line. If it does bounce and reach the line then we'll have to wait and see if it retraces back down or pushes through onto the next trend line
ELF Breaking Out Rising WedgeBreaking out with significant volume. Rising Wedges are usually bearish reversals however AELF seems to have another leg up. Target is the box shown. Hoping for a retrace to retest the top of the RW for support and a better spot to get in.
AELFSolid Uptrend in tact but correction is due:
1) Rising Wedge Occurring with decreasing volume profile
2) A double standard bearish divergence. Price has made two higher highs and RSI has made two lower highs. This is occurring in the overbought area of the RSI (over 70) which makes the divergences even stronger.
3) Price is very far from the could and a C Clamp is occurring as well (Tenkan and Kijun are far apart).
What I would expect is a short term correction with price correcting to the Kijun at the least and possibly the 0.5 Fib level of the last extended move.
ELF is in an uptrend so a correction can be good spots to buy back in.
Not Financial Advice. DYOR.
How Accumulation and Distribution Works in CryptoHow Accumulation and Distribution Works in Crypto. Using examples of ELFBTC. Applicable to any coins.
Accumulation is a phase where the price is slowly drifting lower, making lower lows.
Accumulation ends when the price is no longer making new lows, stagnating at a certain range and having very low volatility.
Sometimes there will be spike in volume at this stage because smart money are accumulating and the news got spread to others within the circle.
After accumulation is finished, the beginning of a mark up phase and distribution phase.
And the mark up phase or distribution phase will end with a buying climax where the biggest percentage gain will happen. Price can rise more than 100% in one day.
Based on my observations, depending on the climates of the whole crypto market. The price gains can be as low as 5x from the accumulation price or bottom price to as high as 10x and above.
And after distribution and buying climax, price will crash and will form another based for future accumulation and distribution. The cycle is repeated over and over again.
Rinse rise and repeat.
Aelf VS Bitcoin - When Will Grow?Aelf has reached an all-time high against the Bitcoin on the 25th of January, hitting 22k satoshis. Since then price corrected down strongly and Aelf lost 74% to Bitcoin, while it found th elow at 5600 satoshis.
The RSI oscillator has formed a bullish divergence suggesting the either a corrective wave up or a potential reversal to the upside. However, currently there is strong resistance at 9k satoshis that ELF/BTC must overcome, yet it continues to reject it.
If Aelf will continue trading above the previously established low and breaks above the 9k satoshi resistance it could provide further upside momentum, sending price higher. Next resistance is seen at 38.2% Fibs, near 12k satoshis, and then 50% Fibs near 14k satoshis. Daily break and close above 14k should confirm the long-term uptrend.
On a downside, ELF/BTC will continue trading below the current resistance, further decline is possible, and price could go back down to 5.6k satoshis or even slightly lower.
ELF making a big move?
Trading ELF / BTC makes a lot of $ and fun!
Buy in Zone: now!
Stop loss - 8550
Target 1 - 9060
Target 2 - 9300
Target 3 - 9600
Target 4 - 9900
Happy trading everyone !
