Long
VGXUSD - BULL SZN
We can see that the downward trend is broken and also verified with a bounce. Furthermore, it rests right on the Fib level. Good entry position.
Fundamentally, VGX has been in a steady fall since the LGO swap and Binance listing. Their current market cap is substantially below the mcap of their parent company, which is listed on TSX with a mcap of 1.5bn.
Stop below the trend depending on your risk appetite. Target pink circle.
Fundamentally, VGX has been in a steady fall since the LGO swap and Binance listing. Their current market cap is substantially below the mcap of their parent company, which is listed on TSX with a mcap of 1.5bn.
Stop below the trend depending on your risk appetite. Target pink circle.
Note
Although in a down motion, VGX is still above the trend and the bullish divergence is getting stronger!Note
Still on the trend, keeping Bullish. Going below the 2.34 mark would probably change my outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.