What happens before a coin goes 100x? Part 2. In depth look at Evergreen.

Evergreen Pump 10 days after launch and 70% drop and short soft bottom recovery. Image below shows structure right before the spike.

Spike and post pump bleed. After a while one unclosed downspike followed by more bleed but forming more and more a soft bottom, making a lower low than before the spike but not going all the way down where the recent downspike went to. interesting.

2nd spike

Zoomed into the timeframe between the pumps. A lot of crazy stuff happening actually. after the temporary downspike the graph is forming potential double bottoms twice and breaking those support lines both times. The last of those dips was quite severe, and the interesting thing is, this pretty heavy dip below support marks the last red candle before the major blowup.

Timeframe before 3rd spike

Zoomed into the timeframe just before trend reversal leading up to 3rd spike. We again see a downspike that is bought back up, forming yet another all time low. From here also like we have seen before, it continues to fall, altough the indicated horizontal lines, marking support from the significant levels before the previous spikes do strenghten the support significantly, creating a soft bottom again. And also mirroring the same pattern, the graph does not dip down to the downspike again, but turns around just above that mark, at the significant support levels from before the last spike.

spike 4

Zooming into the early stage of spike 4. We can actually wittness a stair-step pattern forming, pushing with strength into higher highs. And this ramp up led to a much higher spike in terms of % than the previous, out of nowhere spikes. The previous ones were around 10x-30x and this one around 200x.

It is also worth pointing out, that one the ramp up, the price was respecting previous ATHs and consolidating after hitting those levels.

So now, after the previous spike 4, we entered a long bleed and consolidation. We created a soft bottom eventually, but dipped lower 2 more times and the next bottom we formed eventually put us on trend reversal track again.

I have another post, where I go over my future plan for Evergreen and not going into depth about the past. But I am very bullish still, we are dragging up support with higher highs and nice returning spikes. Moon anytime now.

Cheers. Long post this time. I hope you liked it :)

Feedback welcome :) Happy trading y'all