SpartaBTC

EVX / BTC Local downward wedge. Reversal zones. XXL candidate

BINANCE:EVXBTC   Everex / Bitcoin
ENTRANCE TO THE MARKET
On a breakthrough or rollback after breaking a wedge resistance line. Who enters the market on a breakthrough must remember that there may be a false breakthrough, as last time, but in the end he gave + 40%.

Be less greedy for the rest of the market, and as a result you will be richer. It is also possible to move down from the resistance of the wedge , if the price does not overcome it. As an example, I showed the situation until the last wedge breakthrough.

Stop loss
Who uses Stop loss in their trading strategy. Under key support levels during your market launch. This will be the wedge resistance level in our version. Remember, it is not Stop Loss that matters, but the moment you enter the market! Stop loss is easy to bring down and gain liquidity.
Remember to move Stop Loss when the price rises, but consider the volatility of the coin. Protect your profits.

TARGET
On the graph, I showed the levels of the first potential price movements in the event of a wedge resistance break.
The embodiment of all other goals depends on how the trend of this coin and the state of the market as a whole develop.

A potentially falling wedge could become a trend reversal pattern. If the price consolidates above the level of 0.0000.3000, then a reversal of the main trend is possible. You need to understand that such coins are pumped up suddenly and mercilessly for hundreds of percent, when no one expects this. In the same way they merge.

Look at the main trend and pumping the price of this coin hundreds of percent after the “assassination of faith”.


Here is this false breakdown + 40% of the big Kli, about which I wrote above.
So be careful. Protect your profits.

Comment: The idea a couple of days ago. There is a breakdown of the wedge.
A local uptrend is developing + 33%
Comment: The idea a couple of days ago. There is a breakdown of the wedge.
A local uptrend is developing + 33%
Trade closed: target reached: 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 closed: target reached: + 55% impulse after returning to the zone of the line of the upward local trend.
Maximum + 111.11% of the first entry point at the breakout of the resistance of the descending wedge.
The local uptrend continues.

Comments

detailed review. nice work. thank you!
+1 Reply
SpartaBTC ProjectSyndicate
@ProjectSyndicate, thank you
Reply
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