ELF/BTC { AELF } - BULLISH SETUP

ANALYSIS 🔎
- ELF/BTC is consolidating in a symmetrical triangle pattern.
- Price is testing the symmetrical triangle's inclined support.
- There's an ongoing double bottom formation.
- A double bottom is a bullish reversal pattern.


BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the double bottom neckline resistance.

TARGETS 🎯
- Horizontal resistance level at the mid region of the symmetrical triangle.
- Symmetrical triangle's inclined resistance.

SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level and the symmetrical triangle's inclined support.