ELO has been consolidating since mid-December after a steep 62% decline from November’s highs.
📅 Thursday’s upcoming event could be the catalyst to break this range.
🔼 Bullish Scenario:
Breakout above $0.1318 could target resistance near $0.1401, within December 15’s bearish weekly void.
Further upside may stall at $0.1438–$0.1463, overlapping multiple voids and October’s swing low.
🔽 Bearish Scenario:
First support sits at $0.1227 (Jan 3 daily void), with confluence from:
$0.1215 (Dec 30 rejection),
$0.1197 (Dec 22 weekly rejection), and
$0.1089 (Jan 1 swing low).
These are key zones where accumulation and stop defense may be active.
📅 Thursday’s upcoming event could be the catalyst to break this range.
🔼 Bullish Scenario:
Breakout above $0.1318 could target resistance near $0.1401, within December 15’s bearish weekly void.
Further upside may stall at $0.1438–$0.1463, overlapping multiple voids and October’s swing low.
🔽 Bearish Scenario:
First support sits at $0.1227 (Jan 3 daily void), with confluence from:
$0.1215 (Dec 30 rejection),
$0.1197 (Dec 22 weekly rejection), and
$0.1089 (Jan 1 swing low).
These are key zones where accumulation and stop defense may be active.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.