Long
XVG possible path
Hello,
Following the announcement of the partnership most people dump their xvg but this mouvement is part of the TA.
We completed a bullish run and we ended this run on the top of the bullish channel and under a big resistance. We are now in a correction phase and currently at the bottom of the H4 bullish channel. It is possible to see a bounce from there but i expect the 43 MM H4 to stop this bounce.
Following we could go to the 43 MM daily wich is mixed with the bottom of the weekly channel and support level area.
If the H4 channel is broken we might go directly to the Daily MM and bounce back from this level.
Wait and see and don't panic :)
Following the announcement of the partnership most people dump their xvg but this mouvement is part of the TA.
We completed a bullish run and we ended this run on the top of the bullish channel and under a big resistance. We are now in a correction phase and currently at the bottom of the H4 bullish channel. It is possible to see a bounce from there but i expect the 43 MM H4 to stop this bounce.
Following we could go to the 43 MM daily wich is mixed with the bottom of the weekly channel and support level area.
If the H4 channel is broken we might go directly to the Daily MM and bounce back from this level.
Wait and see and don't panic :)
Note
Hello, Following the bounce yesterday we are sitting nicely on the H1 Moving Average this morning. It is possibly to get a new bullish run from there to get trough the H4 Moving Average arround 0.08ct.
We might get some resistance at this level, if we break the Moving Average we could head on 0.095ct. If not XVG could consolidate and get support on the Moving Average.
Let's see what's happen.
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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.