The above weekly chart above is incredibly bullish following a 90% correction and oversold condition on the daily chart (not shown here).
1) Trend reversal. Price action is no longer printing lower lows.
2) Past weekly resistance becomes support.
3) Price action closes a candle body above the 100-week (Cyan) following the 21-week (yellow) crossing...
Two hours ago Everex.io tweeted:
This caused significant pump which has potential to continue to the upside in the next few hours as the project is only 13 mil in market cap.
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For the next two...
The chart speaks for itself on this one!
It will be interesting to see if the wave pattern repeats itself...
(Edit: I just notice the top of the second wave got misplaced, it should be on top of the green candle with the long wick. but it does not change the set up)