AEVO - Bullish divergenceOn the above 12hr chart price action has corrected 65% since late March. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Bullish divergence. Eight oscillators print positive divergence with price action.
3) Everything that was said above is also true for the AEVO.BTC pair (see below).
Is it possible price action can correct further after a 65% correction? Sure, sellers are like that.
Is it probable? No
Ww
Type: Trade
Risk: <= 6%
Timeframe for long: now
Return: 150% for starters
AEVO - BTC pair