EVT is expected to provide a good buying opportunity between $9.40 and $8.75. It has proven that it is now in an uptrend and the bullish confirmation indications are:
1. It has been printing higher highs and higher lows
2. it had formed a golden cross which is bullish
3. The recent swing to $11.50 was very impulsive
Since it has hit the Resistance level of $11.50, it has been forming bearish candles, which suggests now there is selling pressure and it may pull back. I think it will present a very good buying opportunity. I think it may pull back to its 50% Fibonacci Retracement level and there is also a gap window in the Buy Zone, between $9.40 and $8.75. which is a confluence.
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade
1. It has been printing higher highs and higher lows
2. it had formed a golden cross which is bullish
3. The recent swing to $11.50 was very impulsive
Since it has hit the Resistance level of $11.50, it has been forming bearish candles, which suggests now there is selling pressure and it may pull back. I think it will present a very good buying opportunity. I think it may pull back to its 50% Fibonacci Retracement level and there is also a gap window in the Buy Zone, between $9.40 and $8.75. which is a confluence.
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade
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Good... Coming Down as expected.Note
Price coming down as expected. Watching closely.Note
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As expected, price has come into the Buy Zone, waiting for a potential Buy Setup, and Bullish Price Action to take a buy position.Note
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As expected, price has come into the Buy Zone, and has formed a Bullish Candlestick. I would wait for another day to see some Bullish Price Action and then I may take a Buy Position.Trade active
Price has moved out of the Buy Zone with Bullish Price Action.Note
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Trade going according to plan.Note
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I have added Pitchfork Channel and it supports my idea. I expect EVT to move higher to TP1 to $10.00 mark and move higher to the upper edge of the Pitchfork Channel towards $11.80 - $12.00 level.Note
Trade active
EVT has been catching up well as expected and TP1 level of $10.00 has been hit. I am still expecting price to continue higher to the upper edge of the Pitchfork Channel towards TP2 ($11.80 - $12.00) zone. Trade Still Active!Note
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EVT seems to be in consolidation below Resistance for now, hoping to see a resumption to the upside soon.Note
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EVT is moving as expected. Good Price Action so far. Expecting it to continue higher.Note
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EVT is moving up as expected. Good Price Action so far coupled with High Volume. Expecting it to move higher in the coming sessions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.