Short
XVGBTC... seems we have a bad scenario to me
hey traders i have some xvg and my plan is here. let me explain why i am so pessimist.
i counted the correction waves for last drop and price completed a WXYZ pattern. Also as you can see that we are in a triangle and it seems bearish EW ABCDE triangle correction to me.
on the other hand ichimoku shows that price is below a thick cloud resistance.
so i put sell order at around 240 levels. then i will wait for confirmation.
if the triangle breaks down as you can see i drew a support line is based on Wolfe pattern.
good luck
and please add comments for cooperation
i counted the correction waves for last drop and price completed a WXYZ pattern. Also as you can see that we are in a triangle and it seems bearish EW ABCDE triangle correction to me.
on the other hand ichimoku shows that price is below a thick cloud resistance.
so i put sell order at around 240 levels. then i will wait for confirmation.
if the triangle breaks down as you can see i drew a support line is based on Wolfe pattern.
good luck
and please add comments for cooperation
Note
ps:if price breaks up the triangle then stop loss for long position is point CNote
another cypher??Trade active
trade active for a probable wolfe patternNote
target reached my short guesses are more reliable than longs i think:)enjoy the buy zone
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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.