Triangle magic. XVG has broken support of the symmetrical blue triangle. will most likely retrace to the green support line of the bigger triangle, where it will continue until breaking through red resistance point.
See yellow arrows of previous and possible future trends.
In the cryptocurrency world where speculation is king, technical analysis most of the time is our best friend.
Here is a simple scenario where XVGBTC touched the 61.80% retracement level, possibly a big resistance. A nice opportunity to enter, aiming to the 161.80% extension level.
(You can set up stop loss a few points below 78.60% level - where I find...
Watched this yesterday when the right shoulder started taking shape. I bought when I saw the neckline broken. I might have misidentified the neckline hence I've labelled an alternate neckline. I need to do more research on where a shoulder starts and ends regards the trades that surround them.
Ill sell when the next left shloulder and then head has formed, and...
I think $XVG is ready to take a nice leg up in the coming days. Vol building, active devs, vibrant and passionate community, new exchange listing, Wraith Protocol!!! I see good a good long-term investment opportunity. Accumulate!
Chineese exchanges are so ridiculous and throwin BTC down so much. XVG really likes to be inversely compared to Bitcoin. As i know from devs few most important features will be added in the next couple of days. Look for 159 entry point, turn off your PC for next few days, and come to take a profit.