Long

Bull rekt charging maybe?

By vitoguerra92
Updated
Maybe some bullish nervousness on XVG BTC could rise up soon during the very next days: after a bloodbath started from the fake bull of last month (ath 219 sat), XVG hodlers seen their BTC value dramatically falling up, as the price touched the floor of 100 sat (local bottom) just a few days ago.

Considering that we are almost at the bottom of a falling wedge (bullish signal), and we almost touched the lower bar of the channel i highlighted on the chart, we could possibly get back somewhere beside 150 sat in the near future (maybe after good news after the Meetup such as new Codebase release, new partnership, ecc). The bull case scenario may be facilitated by BTC USD bull run loss of brute power, bringing fresh & new liquidity to the alts market.

Take care of the 50 and 100 MA: they are literally demolishing any single bull attempt to go up, but if price should take over those resistances, FOMO will do the rest.

Don't forget the core team and devs will be sharing updates and news about the project in a couple of weeks at Rotterdam Meetup (25th of may 2019).

>>>>>> NO FINANCIAL ADVISE <<<<<<

Stay tuned for more updates and best of luck!

Vito
Comment
We monitored this falling wedge quite deeply, and those who traded the breakout were able to jump in a very good trade.

Congratulations to those who took profits!
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