Long
XVG short term bear into BULL
Aktualisiert
So first things first: Fundamentals.
The following will be released by the end of March (this month):
-AMA with Justin Vendetta on the 5th (Potentially reassure the community of some FUD)
-New Website (Don't think this will due much to the price. Sneak peak today did little for the price and added little volume. Site preview also looks like wordpress..)
-Smart Contracts (have been delayed the past 6 months on the roadmap due to having to wait for RSK implementations to finish)
-Mining Update (Not sure how this will impact the price)
Technicals now off the 4hr:
-Under the SMA50 (will take a bit of volume to push it above, and even then without a catalyst there's no reason for it to move up yet)
-Ichimoku is indifferent
-Descending triangle
-stochrsi and macd don't matter here yet.
In my opinion, it SHOULD test the .786. Would be a good opportunity to buy in there, though be careful as we can discover new lows as this is new territory.
Daily stochrsi bottoming soon, relative sideways movement there so could see an opportunity to scalp.
Overall, I've seen better and worse charts. On my Watchlist for sure, however.
The following will be released by the end of March (this month):
-AMA with Justin Vendetta on the 5th (Potentially reassure the community of some FUD)
-New Website (Don't think this will due much to the price. Sneak peak today did little for the price and added little volume. Site preview also looks like wordpress..)
-Smart Contracts (have been delayed the past 6 months on the roadmap due to having to wait for RSK implementations to finish)
-Mining Update (Not sure how this will impact the price)
Technicals now off the 4hr:
-Under the SMA50 (will take a bit of volume to push it above, and even then without a catalyst there's no reason for it to move up yet)
-Ichimoku is indifferent
-Descending triangle
-stochrsi and macd don't matter here yet.
In my opinion, it SHOULD test the .786. Would be a good opportunity to buy in there, though be careful as we can discover new lows as this is new territory.
Daily stochrsi bottoming soon, relative sideways movement there so could see an opportunity to scalp.
Overall, I've seen better and worse charts. On my Watchlist for sure, however.
Anmerkung
What I meant by new lows I meant as since this will be the first time retracing down to these levels from the initial run up, we can discover that we could fall to the next support of 350. Of course, bitcoin's movements are a key factor this month in many coins.Anmerkung
still in play
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