$ELA downtrend continues

1 Jul 2023

ELA is a project that i need to do a bit more digging on. However, it's looking it's downtrend will continue. There's not much to say about price action accept the fact that it could potentially create a lower low just based off he TSI and MACD. It looks as though it's loosing a bit of steam. The key points of retracement are outline within the chart, if it slides past those key points which i think it will, again it will create a lower low and continue down in it's descending channel. I just don't see any confluence for bullishness on it's weekly.



Good Luck!









#TeamBoomin 🚀

27 Des 2023

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