What is interesting is that the breakout was accompanied by a heavy and was very sharp. This could indicate on the money and interest flowing into the Elastic coin where trading under heavy is likely to continue. If this will be the case, investors ave could see an explosive move up on XEL/USD, potentially resulting in 200%, 400% or even larget growth against USD.
First strong resistance could be at 127.2% level applied to the corrective wave from August, that is $1.15. The second target is 227.2% level at $1.9.
Only a break and daily close below the $0.17 will invalidate outlook. The rewards for such a small risk seems enormous and therefore the buying opportunity is very attractive.