EVX/BTC - SOT May Chart off Week 1

Updated

EVX has just tested a daily level. It is riding along an hourly uptrend while trying to break a 4 hour downtrend inside a 4 hour wedge. I expect it to attack the topside of the wedge over the next days.

Buy - 11498
1st Target - 12143 - 5.6%
2nd Target - 12783 - 10%
3rd Target - 13047 - 13.4%
4th Target - 13728 - 19.3%
Stop loss - 11160 3%

*Legend*
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Blue

Note

Broke over the downtrend

Note

Closed above trend.
Sold at Hourly level - 12143
Looking to buy back in at 11850

Note

Bought back in at 11850

Note

Coming down to the uptrend.
Looking for the next bounce here

Note

Only noticed one of my levels has been missing. Must have removed by accident before publishing. Start of this uptrend circled in red.

The price is accumulating along it on each move down before taking a run up.
Looks like it might ride along it to the edge of the wedge.

Note

Came down to test the 4 hour before it's next run up at the hourly. Expecting some good gains today.

Note

Came back down to test the outside of the wedge.
Looking for the next move up now.

Note

Came down to touch uptrend

Note

Stopped out at 11160.
Hadn't time to fully Manage the trade yesterday.
Profit Neutral - 0
Buy - 11498
Sell - 12143
Rebuy - 11850
Stopped - 11160

Trade closed: stop reached

See Above

OisnGribben

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