looking flag for XVG. Support is strong at the 1050-1070 level. Should continue to bounce around this area for a little while before taking off to probably 1160-1230 range and pull back slightly before making a bigger move towards previous resistance. If it takes a little longer to move through resistance I believe it will still push through but just take a little longer. It has already broken through one down trend on the third attempt to push through the flag but it could not sustain. This proves it to be more bullish
and should give confidence in its short term future. We should at least reach the previous high by next week i believe and could be heading to 6k in mid to late February if fib is correct. set stop loss at 1000 because if it falls from there it will probably fall hard because everyone believes it is going bullish
and a bearish
turn would cause panic for people who have been burned by this coin from the mcafee tweets... This could be a very good buy opportunity but it is risky to buy at the bottom like this. There is massive support at this 1050-1070 level so a buy position within these levels should be very good. Please let me know if you concur or not, I believe that this coin is finally ready to recover from the mcafee fiasco as well as the end of the year fiasco. This is a good coin to hold with lots of privacy. Could be very good long term. But for short to mid it definitely looks bullish
and worth buying into to see where it goes from this spot.