Aelf (ELF) update - Bullish scenes - Technical Analysis January 21st

So ELF is looking great for an entry soon as I see this aiming for the target where the purple box is at the 1.618 fib line. I'm currently seeing if I can catch the bottom and ride it all the way up for a 60% gain roughly.

Look for the RSI to turn up and continue to rise. MACD should see an aggressive crossover and we should see some good separation between the two time frames as well as increased volume (not just from the candle, but an increase in average volume).

I don't set stops for trades like this as I've been a believer in ELF since it's inception, and have been accumulating ever since. I only set stop losses for projects I'm scalping, or that I won't hold long term.

Hope that helps with your entry. Good luck and happy trading!

Peace.

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