I'm bearish on AELF as You can tell from my chart. We ended 1-5 big waves and are currently at the end of 2nd cycle. I believe that we had A and B wave, and are currently in bearish wave C.
How long can it last:
- ELF has strong support lines from 11.700 to 9.700 satoshi. So i would watch those levels first.
- We cant forget about major trendline. If previously mentioned levels wont stop the price, the trendline is a target to look up to.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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