ELF to 1$

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On the 1-day chart price action is trading near long-term resistance, in case of a breakout the target mentioned above becomes valid(potential top could be a little bit higher or lower, also there are bullish divergencies on the 4-hour chart on multiple indicators)
Ghi chú
Severely oversold on the daily, needs to break 19 cents resistance in order to test the big trendline.
Ghi chú
Bullish divergencies on the 1-week chart on several indicators.
Ghi chú
BB are getting pretty tight on the weekly, could breakout soon.
Ghi chú
The weekly chart against ETH shows some intriguing developments.
ảnh chụp nhanh
Ghi chú
Here is a very simple setup.
I do not see the need for anything else, since the trend is still in its early stages in my opinion.
ảnh chụp nhanh
Ghi chú
I corrected it a bit.
Note what's happening with the VFI.
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Ghi chú
So, basically, it will either happen very soon or not at all.
ảnh chụp nhanh
ảnh chụp nhanh
ảnh chụp nhanh
And
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Ghi chú
$1 resistance is the neckline on the BTC pair. If it breaks, the pump could be huge.
ảnh chụp nhanh
ảnh chụp nhanh
Đóng lệnh: đạt mục tiêu
It's done, for now.
Ghi chú
I did not expect it to correct so quickly. Technically speaking, it's extremely bullish.
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Ghi chú
Consolidation is a completely normal behavior on such occasions.
It needs to break the local resistance at 1725 to validate the reversal.
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Ghi chú
Still bullish
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Ghi chú
The difference is palpable: there was a trendline back in 2021, with such divergence it was not able to pass it's 2018 consolidation.
No trendline now and no divergence.
ảnh chụp nhanh
First time ever above the cloud
ảnh chụp nhanh
Đóng lệnh: dừng lỗ
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