michaelhlee20
Long

XVGBTC - Trend Analysis (LONG)

BITTREX:XVGBTC   Verge / Bitcoin
XVG has been taking on some water recently but we're seeing a slow but steady recovery.

Given the recent indicators and trends, I expect XVG to recover anywhere as high as 1365 satoshis, and to have a correction down to around anywhere as low as 865 satoshis.

NOTE: This is not financial or trading advice. Take everything with a grain of salt and make your own judgments before you set any positions.
1333 :)
next target?
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Is there any solid chance it breaks the triangle at around 1300/1400 early, before the last correction?
If not, can I ask why you don't think so?
Thanks for the graph, following.
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@kitkat16, Well, given the recent trends I would say it's pretty unlikely that it'll break the triangle at around 1350 satoshis.

If we do, then it wouldn't be unreasonable that the correction would be delayed for a bit longer due to the bullish sentiment in the market.

However, especially in XVG, we've seen rather quick corrections to overbought markets.

Also, given the pretty disappointing Wraith protocol release, I doubt that there's much remaining confidence left. For at least the near future, it's going to be an overall downtrend.

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kitkat16 michaelhlee20
@michaelhlee20, thanks for the detailed reply, very much appreciated!
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Resistance in point 1456 satoshi
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michaelhlee20 killua_zol
@killua_zol, I didn't see any resistance there.

Mind posting a chart?
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