Why We Like It
Everus has a few things going for it, including a diverse ecosystem, ambitious roadmap, and my personal favorite – a strong support level at its current price. In 16 days they will be launching their proprietary blockchain platform for white label use by enterprises.
When it comes to finding an investment opportunity, we’re big fans of platform launches. After all, what’s more important than launching your core platform? Let’s take a look at the charts to get an idea of when to buy and when to sell.
Below is a 3-month chart that is looking a bit choppy but the price is bouncing around the 3k satoshi level (0.00003 BTC). I really like the current price (0.00002646 BTC) as it is above the lowest support level of (0.00002512 BTC).
As you can see in the chart, the 3-month high is around (0.00007400 BTC), almost 3x the current price. There is a lot of upside potential here!
The exit price is very subjective as it depends on your personal risk tolerance, patience, and confidence in the future of the project. I tend to invest only in those projects that I don’t mind hodling long term. In this case, I would set a sell order for around (0.000045 BTC).
Why (0.000045 BTC)? If we look at the chart, the price has touched or come close to that level multiple times in the past couple months, not related to the launch of their platform. I can see this climbing 50% by March 30, 2018 with no issue.
Proprietary Blockchain (BaaS) Platform – Learn more
Price charts on coinmarketcap.com – View here
Buy/Sell on Cryptopia – Click here
As always, do your own research. I am not a financial advisor – I’m just a guy with an opinion.