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ELF is showing some interesting technical developments on the daily timeframe. The long-term downtrend has finally been cleared, and we're seeing a solid impulsive move off recent support levels. What's catching attention is how the price is now retesting that broken resistance as fresh support—classic reversal structure.
Looking at the Fibonacci sequence, the 0.382 retracement sits around $0.20, which appears to be the first major price magnet. If momentum holds, we could be looking at a potential 2x from current levels before any consolidation kicks in.
The chart setup looks tight and ready. This one's definitely worth monitoring closely for the next move.