Fib analysis of XVG starting to move, seems supported
It has been a very volatile trip following xvg. Through all the disinformation and panic it seems to be supported as indicated on the charts and now has a balanced volume. The previous "ideal convex and concave" buy/sell volumes that supported it on the last drop have moved to being more linear with a higher sell wall at 2000. Currently teetering on the resistance line (red line) also indicated on the chart and is most likely moving into a more bull trend to continue its upper "bouncing-movement" mentioned in the previous post along the major orange support trend. Eager to see where it heads next.
Kommentar:
I've been holding since yesterday, luckily I set my stop loss at 800 as it almost touched 900 when I was away!
Kommentar:
dropping around the resistance line, but it did poke through the upper trends
Kommentar:
a good stoploss would be 920
Kommentar:
Badly marketed verge video released; their "xvg whale" videos are pretty strange haha, that could cause a temporary fall in price so I've jumped out. Currently in a profit, waiting to see if the price goes back to 900
Kommentar:
Seems to be stabilizing, now waiting for it to cross over through upper-trend lines
Kommentar:
rising nicely, looking at 1315 as the first mark it should encounter
Trade ist aktiv:
past 1315 still heading up along the predicted bounce route
Trade ist aktiv:
some more interesting drops; bought in @ 1000, stop loss set at 980
Kommentar:
she's heading down ;(, holding in xrp that is rising until xvg figures out what it is doing
Kommentar:
Pausing around 900; could be returning
Kommentar:
Forming a cup and handle indicator (bull indicator); hopefully we switch trends now
Trade ist aktiv:
heading back up in fib increments