Here again, analyzing the market, I recently noticed the crypto ELASTOS, which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down.
My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like (Bitcoin, Etherum, etc..) did it to. Since then price started accumulating.
Trading analysis:
Price made a BOS (Break of Structure) and respected the zones of supply marked in blue. What"s next for another HH (Higher High)? Now price is dropping to the new supply zone 2.0$ close to our KL on 1.5$ .
1º Trend
If price start acummulating and getting closer to 2.0$ i will open my position to hold.
2º Trend
My second option will be to buy on 1$-1,5$ cause price break our HL (Higher Low) and expect price to range till the ending of March as you can see in the box (PAST) that can be reflected in the future.
My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like (Bitcoin, Etherum, etc..) did it to. Since then price started accumulating.
Trading analysis:
Price made a BOS (Break of Structure) and respected the zones of supply marked in blue. What"s next for another HH (Higher High)? Now price is dropping to the new supply zone 2.0$ close to our KL on 1.5$ .
1º Trend
If price start acummulating and getting closer to 2.0$ i will open my position to hold.
2º Trend
My second option will be to buy on 1$-1,5$ cause price break our HL (Higher Low) and expect price to range till the ending of March as you can see in the box (PAST) that can be reflected in the future.