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ELFUSD trade ideas

ELF, THE BEST CHRISTMAS MOVIE, SAAAAANTAAAAAAA!Really nice trends and price targets defined on this chart. No idea what this coin is. But technicals only, it looks like a really good buy. Support is building at looking to potentially take off for a decent gain, before falling back to trend, which can spark the potential for another big gain. I drew a line to represent something similar to what I'm seeing, but you don't want to follow this line, it will likely be inaccurate and is better for me to backtrack and remember what was going on with each chart at different times. I wouldn't hold any higher than 2.3 or so for sure, but I have a hard time saying it will get there before Nov or Jan of 2024. But.. It is a very real price target for this coin. The downside, percentage wise, is huge. So be careful and watch for a trend break. Price target marked. Feel free to ask if questions I know I keep these a little quick on the discussion, but I try to make my charts pretty self explanatory. I'm trying to make a lot of charts for earnings, potential market crash and more. I'll link related ideas.
CRYPTO:ELFUSDLong
by nicktussing77
✴️ aelf Ultra Bullish Pattern, Cup & HandleLook at this giant Cup & Handle pattern on the weekly timeframe; bullish breakout already happening this very same week: We are lookin at ELFUSD (aelf). This pair has been growing really strong since November 2022. It peaked March 2023 and went a long consolidation phase until this month, September, now it is moving forward. It doesn't matter how you slice it, it is ultra-bullish and I am seeing this bullishness all across. I've been warning about it for months now. We are about to witness something we have not seen in years... Prepare and enjoy. Namaste.
CRYPTO:ELFUSDLong
by MasterAnanda
ELFUSD +400%Decentralized cloud computing blockchain network aelf is an innovative open-source blockchain network designed as a complete business solution. The structure of ‘one main chain + multiple side chains’ allows developers to independently deploy or run DApps (Distributed Applications) on individual side chains to achieve effective resource isolation. By adopting parallel processing and the unique AEDPoS consensus mechanism, aelf's technology made major breakthroughs in performance, achieving high throughput. Based on the cross-chain technology of the main chain index and verification mechanisms, aelf achieves efficient and secure communication between the main chain and all side chains, and as a result, allows direct interoperability between side chains.
ELong
by MiguelFTCurado
The diamond in the rough?How this trade might turn a penny into a nickel. This is just an exercise in theoretical technical analysis but lets explore the relationship between Bitcoin (major) and Elf (minor) and how the large cap cryptocurrencies impact the smaller caps. There is a reason for bitcoin to go down as it gets a "breather" and that may weigh on ELF making it a buying opportunity once we reach climactic selling. What is most clear about this chart is that ELFUSD has a tendency of only running down 80% generally, and then it attempts to rally back with an equal amount of momentum. In spite of making a swift move closer to zero there may still be a chance for this to run another 75 to 80%, historically it stalls at 0.25 and its find some stable ground near one penny. This educational blurb will go over a few themes: WAVE 1 DOWN WAVE 2 UP COUNTERTREND WAVE 3 DOWN. It is almost completed Wave 4? it could be up How to ride a counter trend wave How to become an angel willing to go where most people would not dare A revival of demand when it seems like there is no hope, fundamentally there is no reasons that we are exploring in this as a driver for any perceived upside expectation, so this relies heavily on buying this between 8 cents and 1 penny, Buying low and selling high; its far to say this crypto has been so depressed that the only direction from here would be up, if it has any intrinsic value it doesn't need to go to zero. The strategy is to buy between 0.08 and 0.05 but not below 0.05, in our opinion at 0.01 it would be deemed useless and would struggle the most with momentum, some crypto currencies could even dissolve. The tightness in the most recent range on the daily time frame indicates a possible sideways action before breaking out to the upside, there is only a small max supply which is a reason for the trade. There is always a chance for it to go to one penny, but then the risk in the trade would only be capped at a unit value of one. There is a limited supply of most cryptocurrencies, what would be most difficult in a case like this is gauging the demand, if a whale jumps into this trade there is enough potential to move it 80% again. We would get out of the trade or cut or losses when if it does reach fractions of a penny or below 0.01 but that is the MAXIMUM RISK, as bitcoin finds a temporary bottom so should this crypto. The one positive development it has going for it at this moment is that its coiling up into a nice consolidation near 0.081 the time to buy it may be sooner than later
E
by DamianRichardson