XVG Wait For Confirmation! First Sell Target 211 Read Why~
What a beautiful month for XVG guys! we broke out of the triangle with nice volume and the price is above 50MA & 100MA. I decided to not focus on the wicks to get a much better view on what's going to happen. We are forming an ascending triangle (indicated in white) as you can see, which is bullish. to complete this ascending triangle XVG needs to stay above 170 sat for the next 2 weeks. expect a rally if we close a dailycandle above 183.
Our first target should be around 211 sat
2 reasons to sell at 211: our highest candle since 7th of November last year closed at 211 and the 200MA (blue line) will be around that price too in 2 weeks.
Trade Safe
AlphaTrader_
Our first target should be around 211 sat
2 reasons to sell at 211: our highest candle since 7th of November last year closed at 211 and the 200MA (blue line) will be around that price too in 2 weeks.
Trade Safe
AlphaTrader_