Someone asked me to do an elastos TA
Looks like there's been a pump recently? a big chunk has been burnt!
it's in a descending triangle which we know ain't good!
short term you might see small moves to try and test the descending resistance as the rsi is in oversold.
long term the daily charts are way overbought so a move down to the fib support 2.50 ish!
personally I wouldn't go near it , the pump was by the looks of it buy the rumour sell the news.
traders using it for small gains.
sorry if you're into ELA, nothing personal, hope it proves me wrong.
Looks like there's been a pump recently? a big chunk has been burnt!
it's in a descending triangle which we know ain't good!
short term you might see small moves to try and test the descending resistance as the rsi is in oversold.
long term the daily charts are way overbought so a move down to the fib support 2.50 ish!
personally I wouldn't go near it , the pump was by the looks of it buy the rumour sell the news.
traders using it for small gains.
sorry if you're into ELA, nothing personal, hope it proves me wrong.