Just getting into a little charting and TA. Trying to pack my brain with as much info as I can, so any comments and productive criticism is welcomed and appreciated. Just a basic chart here of XVG/BTC pair that has formed a large perfect triangle and bullish pennant on the daily chart after a massive run last month. Seems like a long consolidation period to me over the past couple of weeks that has formed this pennant. I anticipate a little more of a dip going on right now as BTC buttcorn stabilizes, and may touch the trend line again, then either a small spike up to the upper line and back down to touch the lower again before the next breakout, or this may possibly be the last dip before the next big run to previous highs and beyond this year. Either way, I have loaded up already and I'm anxious to see how this plays out. Thanks guys/gals for any comments and/or tips/thoughts. Remember, we're all here for the same reason, so the more we work together, the more we can accomplish! Good luck! Time to load up! Now let's ROLL!
Stop loss if desired below trend line.
Stop loss if desired below trend line.
Trade active:
Breaking out upward. Looking good.