Technical Analysis and Trade Signal for $ELF
/USDT🔥💯🚀
Current Price: $0.4546
Trend: Bullish (+3.18% increase over 24h)
RSI (Relative Strength Index): Neutral to bullish (depends on timeframe, generally between 40-60 indicating a neutral/bullish momentum).
Support Level: $0.4313 (Recent low)
Resistance Level: $0.4850 (Recent high)
Trade Signal
Trade Signal: Buy with momentum leaning towards the bullish side, as the price has risen slightly with enough trading volume and good liquidity.
Target Levels 🎯:
1. Target 1 (Short-term): $0.4690 — Expected resistance near 24h price levels.
2. Target 2 (Medium-term): $0.4850 — Previous 24h high offering resistance.
3. Target 3 (Long-term): $0.50 — Psychological price level if bullish momentum sustains.
Trade Momentum:
Buy momentum: Bullish, as the market is trending upward. RSI suggests that the market is neither overbought nor oversold.
Volume: Steady at 8.62 million ELF in 24h, supporting price action.
Consider using a stop-loss near $0.43 to manage risks in case of sudden market changes.