Aelf / Tether USD
Long
Aggiornato

ELF to 1$

4865
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)
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Severely oversold on the daily, needs to break 19 cents resistance in order to test the big trendline.
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Bullish divergencies on the 1-week chart on several indicators.
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BB are getting pretty tight on the weekly, could breakout soon.
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The weekly chart against ETH shows some intriguing developments.
istantanea
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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.
istantanea
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I corrected it a bit.
Note what's happening with the VFI.
istantanea
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So, basically, it will either happen very soon or not at all.
istantanea
istantanea
istantanea
And
istantanea
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$1 resistance is the neckline on the BTC pair. If it breaks, the pump could be huge.
istantanea
istantanea
Trade chiuso: obiettivo raggiunto
It's done, for now.
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I did not expect it to correct so quickly. Technically speaking, it's extremely bullish.
istantanea
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Consolidation is a completely normal behavior on such occasions.
It needs to break the local resistance at 1725 to validate the reversal.
istantanea
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Still bullish
istantanea
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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.
istantanea
First time ever above the cloud
istantanea
Trade chiuso: stop raggiunto

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