CEX hacks turn attention to DEX once again, AEVO

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as market participants quietly allowed themselves to forget about the CEX Ponzi scheme that was FTX supported by its wealthy social media shills, Bybit is hacked by North Korea for $1.5b... not hours after Coinbase CEO Brian Armstrong claims lawsuits against the industry will be dropped. What further evidence is needed as to why this industry is doomed to fail?

On the above 6 day chart price action on the decentralised exchange token AEVO has corrected 95% since February last year. Market participants are now bearish, just in the knick of time…. a number of reasons now exist to be long, they include:

1) Price action and RSI resistance breakouts. (see linear chart below)

2) Regular bullish divergence as measured over a one month period.

3) Hook reversal pattern. You either know or you don’t. You’ll see an HRP on the Bitcoin pair also.

4) Two significant areas of resistance are shown, one at 280% and the other at 750%.

Is it possible price action continues correcting? Sure.
Is it probable? No.

Ww




breakouts


News source:
trmlabs.com/post/trm-links-north-korea-to-record-1-5-billion-record-hack

27 thg 2

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