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ELFBTC trade ideas

[ELF/BTC] Ascending Rising Wedge-Short Term GainsThis rising wedge appears to provide an opportunity for short term gains with specific stops. This is how i set up my trade for ELF/BTC.. If you turn on your Bollinger Bands you will see that as of this post its on a narrow squeeze on Jan 28th, 2018 at 19:28 central time with a potential for short triangular burst outbreaks hitting support and resistance in an ascending rising wedge. Entry Point Range: 0.00016500-0.00017500 Targets: Conservative Profit Sell Stop: 0.00019000 More Aggressive Profit Sell Stop: 0.00023500 Disclosure: Please note this is not financial advise. I am only showing you what I did on my trade! Do your own homework and research. I am not a professional day or swing trader. Good Luck Article Sources: en.wikipedia.org
by CryptoBuzzAnalyst
1
Possibilité d'achat pour elf/btcIl y a une possibilité d'achat pour elf/btc puisque la tendance est haussière en daily time frame, le niveau fib 61,8% a été testé, le point de structure à 16779 (devenue un daily res/sup) a été testé et il y a eu la formation d'un bullish engulfing pattern, et d'un morning star. Temps et aussi longtemps que le daily support à 16779 n'est pas brisé, la possible monté est valide. Les targets possibles sont 22000 et 24775 (extension 127,2%). ps. Si le point de structure à 17943 est brisé sur le time frame 4h, la tendance en 4h devient baissière et il va falloir attendre un autre setup pour reprendre position, si possible.
Long
by mmorand58
aelf (ELF) Analysis - New and on an upward trendThis is a very new project, having recently been added to Bitfinex, as the fastest coin to have done so, helped push the price up on the 24th of January. It is difficult to make an informed assessment of the price action with the coin being so young, however, if you are looking to invest in the project then now might be a good time. It is less than a month old, the mainnet is due to be released in May 2018 and they have an interesting project with a very active marketing campaign. As for the technical analysis, it appears to be on an upward trend in a rising wedge patter. Recently trading has occurred in a narrow range, it looks like the coin is consolidating since it was added to Bitfinex on the 24th of January, allowing the EMA to catch up with the price. The MACD looks like it could be about to make a "golden cross" and the RSI is neutral. It could break out to the upside and make a new all time high, however, the trend line doesn't touch many data points. Time will tell but it is probably worth keeping an eye on,
by KapitanKris
ELF slow correction in downwards channel.here i called the start of wave 4 corrective. here i projected the general movement of the correction. now that more of wave 4 has played out we can see a more general direction of the correction. it looks like we're in a downwards channel right now. we rejected the 200 hr MA (not a coincidence that's also the 0.38 fib mark) so i'd say there's nice support there. good buy in would be around 16k-17k sat. however, this correction is playing out slowly so for now i'd just watch at a distance. again, this is not investment advice, DYOR :)
Long
by angellim
ELF correcting still.previously , i said that ELF was in wave 4 corrective, and this is playing out as planned. the timing of wave 5 was indeed not perfect, but notice from 1/24 to 1/25 the decline in volume, which suggested that bulls had run out of energy and a correction was imminent. the question is. when will wave 4 end? right now we are looking to test the 200-hr MA, which happens to be right on the 0.38 fib level. this would be a decent spot to start stacking buys. i've also drawn the parallel downward channel we are in right now, which will get broken on reversal. currently, we at a 0.5 fib and it looks like we could be reversing at 0.5 fib line. but i read this correction as a 5-3-5 zigzag, which suggests there is still some time to go. i also don't think my current drawing is completely to time-scale, so i expect this correction to take some time (maybe 3-6 more days). this is not investment advice, dyor :)
by angellim
ELF breaking the resistanceELF finaly breaking the old resistances and pumping upwards. I see few possibilities for upcoming scenarios: 1. Resistance is gone for good and we go towards 20k sat psychological resistance line which should be easy to get past after we get going. 2. We close under resistance and retrace towards first trendline before we get ready to test the resistance again. Good level to buy more ELF. 3. BTC starts to move and alt markets lose value. Proly holding this support line. Great level to buy more ELF. Whatever is the outcome, i'm expecting to see 3x sooner or later.
Long
by Em4rk
3