Well, I'm getting a bit excited about this coin. aELF is one of those coins that really impressed me when it was first added to Bitfinex. It had great volume for a token, and seemed to always have great support with some excellent rallies. A few weeks ago it rallied well, based I believe on a listing on Bithumb.
Since then, it's been in profit taking mode, and we have gone through an impulse wave down, more clear on the 15 minute chart. What I think is worthwhile pointing out is the support area we have now reached. This was establish during the last 3 weeks of April, and if you pull back the chart even further, almost the entire month of February ... that's a lot of support.
So, I've bought some of this coin ... and to be honest, I don't like risking money on coins with small volume when BTC is so bearish. But this one has been pummeled from a sale off after the listing hype faded, and at the same time compounded by a BTC drop. So, it is possible that has accelerated us into a big support area, and if BTC behaves for a few days, we can see a nice run up.
I have watch aELF and how it performs after a BTC dump. It generally needs a few days of BTC stability, and then there's almost always been a great rally.
Let's see ... I figure we have great support here, and lots of upside!
Remember, only a fool will count on one potential outcome.
Do not use for investment decisions. For educational purposes only.
Since then, it's been in profit taking mode, and we have gone through an impulse wave down, more clear on the 15 minute chart. What I think is worthwhile pointing out is the support area we have now reached. This was establish during the last 3 weeks of April, and if you pull back the chart even further, almost the entire month of February ... that's a lot of support.
So, I've bought some of this coin ... and to be honest, I don't like risking money on coins with small volume when BTC is so bearish. But this one has been pummeled from a sale off after the listing hype faded, and at the same time compounded by a BTC drop. So, it is possible that has accelerated us into a big support area, and if BTC behaves for a few days, we can see a nice run up.
I have watch aELF and how it performs after a BTC dump. It generally needs a few days of BTC stability, and then there's almost always been a great rally.
Let's see ... I figure we have great support here, and lots of upside!
Remember, only a fool will count on one potential outcome.
Do not use for investment decisions. For educational purposes only.
If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated.
BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42
ETH address
0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed
LTC address
LXoyzmL85HvED1LyHkJtGygUPbBUZdyZZP