aelf — Bollinger Bands Signal 18% Price Pump

6 thg 7, 2024

Latest Performance 📉
ELF has been in a continuous downtrend since March and has lost ~60% since then. However, during the latest market rebound, ELF showed some strength, too.

Signal Details 🧐
At the same time, the token flashed a bullish Bollinger Bands signal. The signal occurs once the price touches or falls below the lower Bollinger Band. At that time, the chance of the price recovering and moving back to (at least) the middle Bollinger Band is high.

Other Indicators ✏️
In hand with the Bollinger Bands, ELF finds itself highly oversold in terms of RSI and Stochastic Oscillator, too. This further seconds a possible recovery.

Potential 🔥
Based on the calculation, the signal has a profit potential of 18%. The profit potential matches almost perfectly with the long-term downtrend line at 0.46.