$EVAA 1-hour period is down 4.16%, with the current price at 1.529. There are two possible scenarios from here:
① It stabilizes and recovers the point where the decline began → this looks more like a shakeout
② The rebound lacks strength and it breaks below the 24-hour low of 1.487 → the downtrend may continue
Personally, I’d wait to see how the first rebound plays out before drawing a conclusion. Describe your view right now in one word?
It’s your own money—think it through before you act.
① It stabilizes and recovers the point where the decline began → this looks more like a shakeout
② The rebound lacks strength and it breaks below the 24-hour low of 1.487 → the downtrend may continue
Personally, I’d wait to see how the first rebound plays out before drawing a conclusion. Describe your view right now in one word?
It’s your own money—think it through before you act.
