Long

XVG long - target 91 sats

Updated

There is a critical resistance between 54-66, if we break through we can grow up to higher level.

Of course, there is still a possibility, that we go to the bottom edge of wedge.

But I am expecting, next steps in the channel, then a retracement to 66-70 sats.

Note

Quick update:

In the next few hours expecting a push to area 58 sats. Redline resistance. Then pullback and retest S/R level at 50-52 sats.

Note

Update:

Now I am expecting bouncing between 48-54 sats, until we stick with the bottom line of the channel.

Then slow and steady push through resistance 54-66 sats along the bottom line.

After the breakthrough this resistance. Impulse and grow up to higher levels.

Note

We dropped out from the channel. I think I was a bit overbullish when I draw, that channel.

But we are still above the blue resistance line. In the next few days, I am expecting sideways move and accumulation.

Waiting for touch with the blue line. If we bounce up, I'll take it as confirmation of the start of the next growth cycle. If we go through, then we will go find the new local bottom, at S/R level 36 sats, maybe even 32 sats.

Vertolka

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