ANALYSIS 🔎
- ELF/BTC has been consolidating in a symmetrical triangle pattern.
- Price is testing the symmetrical triangle's inclined resistance as expected from my previous analysis.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.00000823).
- Horizontal resistance level (@0.00000911).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
- ELF/BTC has been consolidating in a symmetrical triangle pattern.
- Price is testing the symmetrical triangle's inclined resistance as expected from my previous analysis.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.00000823).
- Horizontal resistance level (@0.00000911).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
