I did warn $EVAA bulls yesterday evening, at $12.3, about multiple red flags and we have had a massive correction.
Text-book transition from an exhausted WAVE 5 into a deeper retracement, -25 % since my post and nearly - 35% from the ATH of $13.7.
Best strategy for those who want to increase exposure?
Simple. Lol.
Use a confleunce of established SUPPORT levels ($5.55 being the deepest hard support and the $8.15 - $9.1 zone, highlighted in light blue box) with other technical events, like the upcurving yellow 50 MA ($8.22), oversold RSI (check!), a potential reclaim of the RISING WEDGE breakdown level etc.
#EVAA unlike most of all other coins, still has a BULLISH market structure on its main chart, the 4-HOUR one in this case. Important.
A HIDDEN BULLISH RSI divergence is being formed atm, depending on the next candle close, and if we do get that divergence, I will zoom in on the HOURLY like a HAWK.
Will post here if a LONG set-up is ripe
💙👽
