I did warn $EVAA bulls yesterday evening, at $12.3, about multiple red flags and we have had a massive correction.
Text-book transition from an exhausted WAVE 5 into a deeper retracement, -25 % since my post and nearly - 35% from the ATH of $13.7.
Best strategy for those who want to increase exposure?
Use a conflunce of established SUPPORT levels ($5.55 being the deepest hard support and the $8.15 - $9.1 zone, highlighted in light blue box) with other technical events, like the upcurving yellow 50 MA ($8.22), oversold RSI (check!), a potential reclaim of the RISING WEDGE breakdown level etc.
#EVAA unlike most of all other coins, still has a BULLISH market structure on its main chart, the 4-HOUR one in this case. Important.
A HIDDEN BULLISH RSI divergence is being formed atm, depending on the next candle close, and if we do get that divergence, I will zoom in on the HOURLY like a HAWK.
Will post here if a LONG set-up is ripe
💙👽
Text-book transition from an exhausted WAVE 5 into a deeper retracement, -25 % since my post and nearly - 35% from the ATH of $13.7.
Best strategy for those who want to increase exposure?
Use a conflunce of established SUPPORT levels ($5.55 being the deepest hard support and the $8.15 - $9.1 zone, highlighted in light blue box) with other technical events, like the upcurving yellow 50 MA ($8.22), oversold RSI (check!), a potential reclaim of the RISING WEDGE breakdown level etc.
#EVAA unlike most of all other coins, still has a BULLISH market structure on its main chart, the 4-HOUR one in this case. Important.
A HIDDEN BULLISH RSI divergence is being formed atm, depending on the next candle close, and if we do get that divergence, I will zoom in on the HOURLY like a HAWK.
Will post here if a LONG set-up is ripe
💙👽
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.