aelf Completes Its Retrace | Next Target Mapped

We are looking at the altcoin project called aelf for the ELFBTC trading pair.

We are looking strongly bullish after a retrace tested and confirmed EMA50, EMA100, and EMA200 as strong support.

With this level tested, yesterday we had a strong bullish candle close and today a resumption of growth... The next target is clearly marked on the chart.

Conditions for change

The red arrow is almost transparent because this is the less likely scenario.
We will only see ELFBTC move lower if prices close daily below the blue dotted trendline.

Thanks a lot for reading.

Namaste.