XVG is struggling to find good support
Updated
Trying to ignore the latest correction that affected all the coins, it looks like XVG is going downward until it find the next support level.
While you could argue that it is technically a pennant, it is looking more downward than symmetrical, (but I am sure I could force a more symmetrical drawing if I really wanted).
XBG will slowly keep going down to , 850 or even 780 before bouncing back up.
I am still positive for that coin as the dev team is still active and following the roadmap, they are just struggling to get their message heard, they need a better PR team.
While you could argue that it is technically a pennant, it is looking more downward than symmetrical, (but I am sure I could force a more symmetrical drawing if I really wanted).
XBG will slowly keep going down to , 850 or even 780 before bouncing back up.
I am still positive for that coin as the dev team is still active and following the roadmap, they are just struggling to get their message heard, they need a better PR team.
Note
The US shutdown seems to have caused some turmoil in the Crypto markets.I am a long term holder of XVG, but if you are day trading you might want to look for new lows around 750.
If you are BTC holding, I would wait for lows for a bargain.
bbc.com/news/world-us-canada-42757091
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