This is possible supports in this bearish markets, for XVG. Strong support we can find around 0,0085 USD.Dotted lines shows trend as we have this last 2,5 months,and if it continue like this you can find dates where trend crossing support lines.
Last few days,cup was formed,and now handle start
Bull run ahead?
We need to brake resistance of 0,0573 USD(blue line) ,and not fall under 0,0541 USD.
As we can see from beginning of the year,XVG has lower lows,but looks like it is on the end of this appex. Break out comming soon.
Hopefully it will obey Elliot waves rule.
Due to the anoucment about partnership,with big company XVG jumped out of downtrend lines.Maybe this is only short term trend till Monday.
Looks like Xvg love to make fractals.and after every fractal breaking up.
Looks like bearish wick was formed in ascending bearish triangle.Let see what will happened.
It look like XVG is back to ascending support line.