EVX / BTC. Cycles. Descending wedge. Pivot points. Target.
Aktualisiert
There was a pump over + 600%. Then a downward trend formed, which formed a downward wedge .
The price is almost in the corner of the formation. Coming soon. Perhaps this figure will become a trend reversal pattern.
ENTRANCE
1) on a breakthrough or retracement after breaking a wedge resistance line.
Stop loss
Under key support levels during your entry into the market. This will be the wedge resistance level in our version.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
I am sure that before the strong upward price movement, your Stop Loss will be knocked down. The liquidity of this coin allows you to do this. Also, the history of the graph confirms that this has always been done. So to put Stop Loss or not, this is your business. Remember, it is not Stop Loss that matters, but the moment you enter the market!
TARGET.
On the chart, I showed the first potential movement of about + 100-150%. This is the target of a downward wedge pattern only.
The embodiment of all other goals depends on how the price responds to this zone.
Potentially, a pattern can become a trend reversal pattern.
The capitalization of the coin is not big, therefore, a lot of manipulation and the potential to pump up hundreds of percent as in the past, about + 700% and + 600%.
If the cycle repeats as in the past, then the target of the fantastic is about + 1400%
The price is almost in the corner of the formation. Coming soon. Perhaps this figure will become a trend reversal pattern.
ENTRANCE
1) on a breakthrough or retracement after breaking a wedge resistance line.
Stop loss
Under key support levels during your entry into the market. This will be the wedge resistance level in our version.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
I am sure that before the strong upward price movement, your Stop Loss will be knocked down. The liquidity of this coin allows you to do this. Also, the history of the graph confirms that this has always been done. So to put Stop Loss or not, this is your business. Remember, it is not Stop Loss that matters, but the moment you enter the market!
TARGET.
On the chart, I showed the first potential movement of about + 100-150%. This is the target of a downward wedge pattern only.
The embodiment of all other goals depends on how the price responds to this zone.
Potentially, a pattern can become a trend reversal pattern.
The capitalization of the coin is not big, therefore, a lot of manipulation and the potential to pump up hundreds of percent as in the past, about + 700% and + 600%.
If the cycle repeats as in the past, then the target of the fantastic is about + 1400%
Anmerkung
Anmerkung
Anmerkung
1 target achieved + 61%
Despite the squeeze, the price is still in a local uptrend.
Pay attention to the previous false breakdown of the wedge by + 40%
Trade geschlossen: Ziel wurde erreicht
Maximum + 111.11% of the first entry point at the breakout of the resistance of the descending wedge.
The local uptrend continues.
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