🚀 ELF/USDT Price Forecast: Will ELF Break $0.50? Key Levels & 4-Hour Futures Insights You Can’t Miss!
🔷 ELF/USDT FUTURES
• Current Price: $0.4828
• Trend Analysis: Bearish Consolidation
🟩 CLEAR POSITION: LONG (Confidence: 65%)
♻️ Recommended Leverage: 10x
👉 Entry Zone: $0.4795 - $0.4850
🎯 Targets:
• T1: $0.4920 (+1.91%)
• T2: $0.5000 (+3.57%)
• T3: $0.5120 (+6.07%)
• T4: $0.5250 (+8.73%)
⛔ Stop Loss: $0.4715
IF STOP LOSS TRIGGERS:
🔄 Reversal Strategy:
• New Entry: $0.4650
• New Targets:
• T1: $0.4740
• T2: $0.4800
• T3: $0.4885
• New Stop Loss: $0.4600
Key Technical Justifications 🔑
1. RSI (Relative Strength Index):
• Current RSI indicates mild oversold conditions (43.5). A reversal to upside momentum is likely, supported by strong buyer activity near $0.4750.
2. MACD (Moving Average Convergence Divergence):
• A bullish crossover is forming, suggesting a potential recovery toward higher resistance levels.
3. Support and Resistance Levels:
• Support Zones: $0.4750 and $0.4650
• Resistance Zones: $0.4920 (immediate), $0.5120 (secondary).
4. Volume Analysis:
• Recent volumes have shown a consistent increase near the $0.4800 mark, indicating accumulation at these levels.
5. 20/50 EMA Crossovers:
• The 20-EMA is about to cross above the 50-EMA on the 4-hour chart, which is typically bullish.