ELF BTC aelf Technical Analysis

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By Frans van Elst

aelf logo In this aelf technical analysis, we will examine the current price action, trading volume, key levels and indicators for ELF-BTC. aelf is an open-source blockchain platform that enables developers to build decentralized applications with ease. Its novel consensus algorithm, called the “Parallel Blockchain” system, allows for faster transaction processing and greater scalability compared to traditional proof-of-work algorithms. Additionally, aelf’s modular architecture and rich set of features make it an attractive choice for developers looking to build complex dApps with ease.

aelf Price Overview:

As of May 24, 2024, aelf is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for ELF-BTC:

Consider bearish sentiment in aelf (ELFBTC) at 7.73e-06 BTC with technical analysis, showcasing weakened support and cautionary indicators.

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 12,575.00
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): aelf reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for ELF-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, aelf is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) 0.78%
3D Change (%) 1.18%
7D Change (%) -1.53%
30D Change (%) -13.34%
90D Change (%) -36.12%
YTD Change (%) -43.20%

Over the past three days, ELFBTC has increased by approximately 1.18%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -1.53%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ELFBTC maintaining a downward trend of approximately -13.34%, despite intermittent fluctuations. Examining the last 90 days, ELFBTC has witnessed substantial decrease of approximately -36.12%, reflecting strong long-term confidence. Year-to-date, ELFBTC has steadily decreased by around -43.20%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

aelf Live Chart:

You can access a live price chart for ELF-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.24103.
  • Momentum score is -0.12754.

ELF BTC Technical Analysis

aelf Trading Volume:

The trading volume for aelf (ELF) over the past 24 hours has been insignificant, with approximately 12,575.00 BTC traded against ELF. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ELF is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): aelf is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ELF-BTC is currently in the low zone, around 38.05139. This suggests that aelf is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

aelf (ELF-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment in aelf (ELFBTC) at 7.73e-06 BTC with technical analysis, showcasing weakened support and cautionary indicators.

Don’t skip our thorough exploration of ELF USDT aelf Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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