Everex Starts To Look BullishEverex (EVXBTC) is now trading above all major EMAs and looks ready to jump.
This is a short-term move that I am mapping here with potential targets sitting at 28% to 45%.
Support is found at MA200 (black line).
The support range on this chart is marked with light yellow.
If prices drop, this support zone will become the decision point.
We remain bullish even after a drop as long as prices remain trading above the MA200 line/yellow support range.
This is not financial advice.
Namaste.
EVXBTC
EVX/BTC, potential breakout, holding supportI am not too high on it yet.. but will keep an eye as it does appear to have broken out and is holding support on its trend line. I would prefer a retest of the breakout to hold before entering but not sure if we will get it
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
EVX / BTC Local downward wedge. Reversal zones. XXL candidateENTRANCE 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.
Today's pick : EVX BTCPosition name : EVX BTC
Coin /token info : Everex is a blockchain-based capital transfer system that aims to enable and ease the financial inclusion of unbanked, or underbanked people around the world.
Everex proposes the Cryptocash, a cryptocurrency, where each unit has its value pegged to, and a name based on, the fiat currency it represents. Users convert local fiat currencies to Cryptocash using a currency exchange and transfer the coins to their Everex wallet.
Cryptocash balances are provably underwritten by actual balances held in accounts of licensed financial institutions. The Everex system provides its users access to financial services using Cryptocash, without the volatility issues of existing, non-stable coin cryptocurrencies.
Everex (EVX) has climbed out of oblivion and into the top 200 following the latest news that the company may now onboard U.S clients, according to their latest announcement.
The announcement by the company saw a pump which reached 250% yesterday, with the project currently up 170% today. The latest news from Everex, which launched in January, is that the company has received approval to begin onboarding clients in the U.S state of New Jersey.
Everex (EVX) is a decentralized app which enables Peer-2-Peer payments and trading of financial products using digital assets and smart contracts.
The news saw EVX pump nearly 250% and triple its market cap from $6.7 million to over $18 million, boosting the project into the top 200.
EVX saw its daily trading volume climb 8200% at its peak price yesterday, which was just under $1. The price has since seen a small correction down to $0.80, however trading volume has climbed to over $109 million, making it the 20th most traded coin on the market according to Coin Market cap.
Reason for going long now : The only info we got to predict, let me pass the term, the future price is using divergence , and an other way to see if divergence worked is to watch past same type of divergence and what result occurred , for this particular pair we can see that the same type of macd divergence produced from as little (if we can say so) 13% to astounding 56%.
EVX LongGreen trend line can be used as support and close below this trend line should be considered as stop loss.
Everex Next Short-Term Move Mapped (~70% Target)Here we have a short-term chart for Enigma (ENGBTC).
Prices are now moving above EMA100 on increasing volume and bullish indicators, telling us that this altcoin pair can easily continue to grow.
Below the trade details:
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@BCREGBOT | PAIR: Everex | EVXBTC
ENTRY: 0.00002100 - 0.00002350
TP1: 0.00002550
TP2: 0.00002710
TP3: 0.00003100
TP4: 0.00003500
TP5: 0.00003900
STOP: Close 4h candle below 0.00001950.
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Thanks a lot for reading.
This is not financial advice.
Namaste.
LONG - EVX - Trading OpportunityBINANCE:EVXBTC finally getting some momentum going after all these accumulation wicks that can be clearly seen on the volume, breaking above the MA50, hoping for a solid close above, so we can see continuation.
Entry: 0.00002130
Target 1: 0.00002438
Target 2: 0.00002686
SL: 0.00002018
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EVX / BTC. Cycles. Descending wedge. Pivot points. Target.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%
EVX / BTC. Cycles. Descending wedge. Pivot points. Target.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%
Everex Hits New Low, Strong Bullish DivergenceEverex (EVXBTC) just hit a new low on a very strong bullish divergence. This divergence can be spotted with the MACD and RSI:
In my last analysis for Everex, we looked at MA200 and a potential 900%+ bullish move... This is now getting closer to the divergence we just saw.
See here the previous analysis, you will be able to appreciate the huge potential of this coin:
Feb 16 | Will Everex Do A 900%+ Jump? MA200 Conquered
Thanks a lot for reading.
Namaste.
Everex Long-Term (Weekly) | Up To 1100% To ATH (Targets Mapped)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.
Will Everex Do A 900%+ Jump? MA200 ConqueredWe are now looking at the altcoin pair EVXBTC (Everex) and we will focus our attention on just one single indicator... MA200.
Prices for EVXBTC are now trading above MA200 (black line) for the first time since June 2019 when it broke below it.
Last time that EVXBTC managed to stay above MA200, it produced a very strong bullish wave in excess of 500% of gains/growth.
Now, looking at this past scenario and comparing it to the present time, this is the first break of MA200 so there can be a retrace before the "big jump" just as it can happen right away.
I am not setting any specific timeframes for this signal, the arrows and numbers are for illustration purposes only... Yet we believe that EVXBTC will make a very strong move soon.
Thanks a lot for reading.
Namaste.
Everest to Reach Mt. Everest LevelsThis is my third time writing this because I fat fingered some buttons and there are no drafts for publishing ideas. I had a lot written. Sorry for the poor quality writing now.
- EVX: coin for Thailand
- Thailand added two new laws: news.bitcoin.com
- First one is mandatory AML/KYC
>The first is the Act on Digital Asset Businesses. It requires the registration and know-your-customer (KYC) compliance of cryptocurrency operators including agents, dealers, and brokers, the news outlet detailed. It also imposes penalties and remedies for violations.
Good: Some tokens needs this. Bitcoin does not because bitcoin's use case is to be an immutable decentralized alternative currency, Travis Klng has an apt description on how to define bitcoin.
Bad: KYC/AML
- The second one is basically the same but adds taxes.
Additional note: central banks reserver the right to close and confiscate trading accounts at their will.
It looks like a cool idea.
EVEREX COIN BREAKOUT | Double Bottom | RSI Bullish Divergence1) daily time frame RSI bullish divergece
2) double bottom price bounce from same support again
Buy : 2800 - 2850
stop : 3%
Target : 3000 , 3200 , 3500
EVX/BTC | Breaking the Long Downtrend..!!EVX/BTC (Update)
Forming Falling wedge pattern in Bigger Timeframe Chart & Almost Ready for Breakout..!!
Volume has been Decreasing since 27th July 2019 & Now increasing Slowly, GOOD SIGN
Major indicators Are Also Turning Bullish..At the Moment, Facing EMA21 as Strong Resistance.
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EVX/BTC TA Update (Broken Key Support, 1 leg down?)EVX/BTC
EVX broke the important key level of support of the baseline of price action trading. RSI has not reached the oversold condition yet,
We could expect 1 more leg down before a minor pullback to retest old support turning into new resistance.