We looked at EVXBTC on the daily timeframe, now we are going to be looking at it long-term, weekly... Let's get started!
Here we have prices for EVXBTC moving above EMA10, giving us our first bullish signal.
Since this is the weekly timeframe, this signal isn't confirmed until the weekly candle closes. Weekly candle closes today in about 9 hours from now. If prices close above 0.00003385, this signal is confirmed.
Our potential switches from bearish to bullish when prices are trading above EMA10 (green line on the chart).
The RSI is curving up and above 40 (47 to be exact). We consider anything above 40 to be strong/bullish on the weekly timeframe.
Trading volume is also starting to increase.
Looking at the ATH for EVXBTC from current prices, we have a gap of 1100%, that's our profits potential to ATH.
The first target that will be hit when EVXBTC starts to move will be 0.00005672 or EMA50. 0.00008948 or EMA100 is very likely to be hit soon after for a total of ~125% gains from current prices.
This is not financial advice.
Namaste.
Comment
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EVXBTC (D) | Will Everex Do A 900%+ Jump? MA200 Conquered
Normal (altcoins are not traffic-heavy after 2 years of a bear market).
My followers/readers are mostly bulls.
They will be here when the market is bullish.
Namaste.
king9473
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@alanmasters, Is the signal still active after big dump?
geronimonster
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Hi Master,
Could be wrong but I wouldn't bet on this one, I've been following it for a while and there's very little buy interest to push it past resistance, just tiny pumps always followed by lots of selling. Their telegram is dead also, as far as i can see this shitcoin is dead.
AlanSantana
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@geronimonster, TA and market cycle say otherwise... It will move just like the rest of the market is doing... it only needs time.
Thanks for sharing.
Namaste.
geronimonster
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@alanmasters, fair enough, its just dumped straight through the ichi cloud so pick em up cheap :D
edersonmateus
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@alanmasters, Hi Alan ! I ended up getting into this badly ... I'm going to hold on to it, a little bit of a strong eviction occurred, do you think I can still survive without rekt?
edersonmateus
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@edersonmateus, I bought it in 0.00004000 and 5 minutes later there was a strong dump = '(