XVG Gann Fan + Trend Analysis (SHORT)

XVG has been heavily overbought in recent past.

I believe if we break certain supporting trend lines, we could see a significant drop-off.

I would wait until we see CLEAR indications of a trend reversal before we take any positions.

Trade cautiously!

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Looks like we broke the supporting trend line with confidence!

Let's see how far this will take us down.

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1424 satoshis as of this time.

Current target is 1220 satoshis!

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BRACE YOURSELVES. WE JUST BROKE THE SECOND SUPPORT LINE!

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BREAKING NEWS ON XVG:

reddit.com/r/CryptoCurrency/comments/7m3jt8/if_you_are_invested_in_verge_get_out_now/

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1070 satoshis.

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889 satoshis. The plummet is happening boys.

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News turns out to be staged based on numerous indications.

Whale put a massive buy wall at 650 satoshis (not on Bittrex). Other signs showing an active XVG dev team.

Potential correction?

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Apparent market rejection of dropping below second support line. Looks like a correction is very plausible here.

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Going to stop commenting due to the insane volatility occurring right now.

However, despite the minor bull upswings it looks like it's an overall downtrend.

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Two remaining major support lines.

One at around 600 sats, and the other at around 250 sats.

yeeyee2020

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yeeyee2020