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
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Good... Coming Down as expected.
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Price coming down as expected. Watching closely.
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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.
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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.
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Price has moved out of the Buy Zone with Bullish Price Action.
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Trade going according to plan.
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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.
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Trade active
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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!
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EVT seems to be in consolidation below Resistance for now, hoping to see a resumption to the upside soon.
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EVT is moving as expected. Good Price Action so far. Expecting it to continue higher.
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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.
Hi AsimMirzaTrader - thanks very much for sharing your insights. Is there a point at which you will buy? I'm new to this platform/trading so please let me know if this is inappropriate to ask.
AsimMirzaTrader
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@TradersOfTheLostArk, Thanks bro for your comment. Please refer to my updated idea on EVT. Thanks and looking forward for your thoughts on this. Cheers:)