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EVAA / TetherUS PERPETUAL CONTRACTEVAA / TetherUS PERPETUAL CONTRACTEVAA / TetherUS PERPETUAL CONTRACT

EVAA / TetherUS PERPETUAL CONTRACT

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EVAAUSDT.P trade ideas

$EVAA - one of my SMALL-CAP picks (below $30million) for Q4 $EVAA went insane yesterday, right after I invested in it a touch below the $6 mark. Insane but not necessarily in a good way, it did make ATH at $7.8, only to crash down to $3.4 within an HOUR. Once it bottomed, buyers stepped in, pushed the price to $6.9... Only to crash back down all the way to the bottom once again, with high volumes again. This is no rug pull, just a lot of initial profit taking from early investors (during a weekend, so much less liquid trading), and most of that sell-pressure should be gone, judging by the 15-MIN chart. Here is why: 1) FALLING WEDGE + DOUBLE BOTTOM patterns have been formed. 2) BULL RSI divergences, the momentum is in an UPTREND while the price has been stuck in a narrow range. 3) OBV also in a (subtle) UPTREND. I'm expecting this bottom to hold, and setting TRIGGER BUY orders at $4.05, this is SPOT only. Basically, once we close a few candles above the DOUBLE BOTTOM neckline ($3.94), then this ongoing FALLING WEDGE breakout (target $8+) will probably turn out to be succesful. I have dropped some key info on the project itself in the comments section (on X). I will take some profits at $7.99, but this is an investment for Q4, a potential multiplier leveraging the CRYPTOCAP:TON ecosystem size👽💙
MEXC:EVAAUSDTLong
by ColdBloodedCharter
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