Forget the FUD, the annoucement about XVG recently, what am seeing in TA is:
- we are in Elliot wave C and also in correction of wave 2 (wave 1 from 323 to 1435)
- so as expected the correction will end on one of few support areas: around 750 - 570 - 450,
- it is trying to test 750 right now, if we close the candle below 750 means that we're heading to 570 area, the 750 also is EMA50 support
- rsi hasnt in oversold yet, stochrsi oversold already, sell volume decreases slightly.
- no bull div found
Trading strategy:
- wait for clear bull signals (2 or 3 consecutive bullish days with rsi reversal crossed 55 imo)
- divide buy orders to each support area
- if ABC currently is only in wave A, so we expect to get profit at wave B correct (cause it hasnt happened yet)
- the worst condition if it heading to 450, its really good time to buy
- my two cents is it will bounce at 570 support line.
Goals:
- stoploss: below support area
- target 1: 1000
- target 2: 1200
- target 3: 1500
- target 4: 1630
- target 5: 2100
- target 6: 2500
Happy trading!
Linh
- we are in Elliot wave C and also in correction of wave 2 (wave 1 from 323 to 1435)
- so as expected the correction will end on one of few support areas: around 750 - 570 - 450,
- it is trying to test 750 right now, if we close the candle below 750 means that we're heading to 570 area, the 750 also is EMA50 support
- rsi hasnt in oversold yet, stochrsi oversold already, sell volume decreases slightly.
- no bull div found
Trading strategy:
- wait for clear bull signals (2 or 3 consecutive bullish days with rsi reversal crossed 55 imo)
- divide buy orders to each support area
- if ABC currently is only in wave A, so we expect to get profit at wave B correct (cause it hasnt happened yet)
- the worst condition if it heading to 450, its really good time to buy
- my two cents is it will bounce at 570 support line.
Goals:
- stoploss: below support area
- target 1: 1000
- target 2: 1200
- target 3: 1500
- target 4: 1630
- target 5: 2100
- target 6: 2500
Happy trading!
Linh
Trade active:
The correction seems to be over. Bottom is 639 with quite good doji candle, waiting for today green candle to blow up.
Trade active:
We gonna see Dragonfly Doji on week candle (wait to 29/4 to confirm it), its really a good sign. If next week starts with green day candle, XVG will back.