Elastic Explosive Growth Potential

2017년 12월 11일

Elastic has been rejecting the $0.22 support during the past few months and finally, today it broke above the triangle pattern. The breakout was very clean while the price on 4h and 8h charts closed above the downtrend trendline.

What is interesting is that the breakout was accompanied by a heavy volume and was very sharp. This could indicate on the money and interest flowing into the Elastic coin where trading under heavy volume is likely to continue. If this will be the case, investors ave could see an explosive move up on XEL/USD, potentially resulting in 200%, 400% or even larget growth against USD.

First strong resistance could be at 127.2% Fibonacci retracement level applied to the corrective wave from August, that is $1.15. The second target is 227.2% level at $1.9.

Only a break and daily close below the $0.17 will invalidate bullish outlook. The rewards for such a small risk seems enormous and therefore the buying opportunity is very attractive.

2017년 12월 12일

액티브 트레이드

2017년 12월 18일

노트

Short-term consolidation before the take off

2017년 12월 18일

노트

I think its ready for a take off

2017년 12월 19일

노트

Trade active, holding

2017년 12월 21일

노트

The rally has started

2017년 12월 22일

노트

at the support now

2017년 12월 27일

노트

Elastic producing higher highs, lets go!

2018년 1월 2일

노트

After this consolidation should continue to move up

2018년 1월 10일

노트

Almost reached first target

2018년 1월 10일

노트

First target reached