Long

XVG correcting: Buy entry forming.

Updated

After a long beautiful runup in XVG, we're getting a strong correction. 50% is not unlikely. Here's an idea about where to get in and out.

See also the related idea from a few days ago.

Trade closed: target reached

So, succesful retest? maybe. If you bought in the low 1000's, get out now for some profit.

XVG is facing a *lot* of bad bad news about not being a real project. Technical analysisin this case told ushow to still profit off the trouble, but fundamentals aren't looking great for a continued uptrend for Verge.
This latest bounce may well be a bulltrap that this trade lets us profit off of, but we should feel happy that we can get out of it with our hides intact.

Note

Ahhh, fud inspired dip! Lovely.

Note

So if you got in during the buy zone, great! Hodl on for target, we should continue on unimpeded from here for a good while.

Trade closed: stop reached

It's fallen through the bottom. If you really want, you can look at 509 for a re-entry if it holds above that, but dropping below the 0.236 means we've overshot my buy target retrace and are dumping for now.

This coin has had too much to deal with in terms of Fud and McAfee.

Trade closed: target reached

Technically speaking, it has bottomed.
Sentimentally speaking, I've lost interest in the coin.

robertjulius

Related publications

XVG will let you in this week to ride it higher.

by robertjulius

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