Yes, you can choose what price you pay for Elixir using Custom Orders on Kraken. If the price of Elixir reaches to your desired price, the order will execute automatically.

Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Elixir over time and not worry about whether or not now is the best time to buy.

38,112 ELX worth $4,806 was traded on Kraken in the last 24 hours.

A variety of factors affect the price of Elixir including market sentiment, technical developments, user adoption and macro economic events.

To read the Elixir price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.

Analyzing price movement using the ELX chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.