As I said yesterday, bears want to see trading below 6400. Timeframe is closing for bulls to act. Lots of people trading Demark these days, Counts have given a short entry yesterday and a double down today... so, thats bear af... good luck happy trading!
Please see XVG charts linked from earlier this week.
Bulls want to see Falling Wedge breakout sooner than later. Wedge breakout target to test descending channel upper boundary at 9000. Bears want to see trading below 6400 range for continued downside.
Broke out of decnding trend channel on 3/24. retest of upper trend boundary. C and H completion Breaking 50MA
Will the 50 WMA save the HODLERS and tranquilize bears? If not, 5k and 3K on deck. Get familiar. BTC has not traded below the 50 WMA since October of 2015.