EVXBTC - 1

Hi,

I decided to publish my thoughts about Everex. It is listed for example on Binance, Huobi and Kucoin.
Its currently around $2.16 with an ATH around $6.10. I will talk about the EVX/BTC pair.

The Candles are forming an Ascending Triangle aswell a Falling Wedge. Volume always increasing with every push.
We are in a strong support area right now which might be a good buy-in if it breaks upwards.

RSI shows it already left its Falling Wedge and bounced from the support line at 43.
We can also see the last time it bounced from that area it started an uptrend from ~9600 Sat to ~47k Sat.

MACD shows a bullish cross / divergence.

Price targets:
Target 1 is the area around 36k Sat
Target 2 the under the topline of the Ascending Triangle
A break of the Ascending Triangle will lead would offer a new buy-in opportunity

I will add more specific targets later.

Precautions
- Its a low Volume coin, extreme price changes happen fast
- Watch your Risk management
- The current situation with Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR

I will update this idea with more Details soon.

Thanks for reading.

Please also consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.

Comment:

Broke upwards through first trendline and already touching second one

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Broke upwards through second trendline too (Falling Wedge)

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Accidently added it as comment too ...

Lets see if goes back and stays above the second tradeline

Comment:

Crossed again upper trendline

Trade active

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