Short
XVG short term trade

Even though everybody makes fun of Verge and collab with Pornhub, I believe sell-off is calming down and we'll see bullish momentum soon.
Currently trading around 0.382 Fib, which is also pretty obvious support zone, if this support holds then targets of 874 & 979 is reachable in a couple of days, I see that as potential Elliott Wave B (correction wave), then dip lower after that and then - who knows what happens. ;)
Entry:
770 and below
T1: 874
T2: 979
Stop-loss:
695
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Currently trading around 0.382 Fib, which is also pretty obvious support zone, if this support holds then targets of 874 & 979 is reachable in a couple of days, I see that as potential Elliott Wave B (correction wave), then dip lower after that and then - who knows what happens. ;)
Entry:
770 and below
T1: 874
T2: 979
Stop-loss:
695
If you find this idea helpful, leave a like, comment and follow our profile!
Trade closed: stop reached
People still think XVG is garbage, or we jumped in too fast.Trade active
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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.