XVG Potential Outcome
Some things I've noticed on the 1HR chart:
- Is that a bullish ascending triangle forming there? Will price action pierce through the resistance line on the top of that triangle? If it does, we may see another rise in price.
- Still trading above the Kumo cloud which is a bullish sign
- A breakout can be spotted on that bull pennant I drew out. Price broke through, retested, then continued it's move upward.
- Two flat bottom kumos can be spotted which is a bullish signal.
- RSI levels continue above 50% mark. This can indicate that the trend remains bullish. Will it pierce back down through the 50% mark? We'll have to wait and see ;P
- Blue convergence line continues tracing above the red baseline. Look how price action respects these levels. Each represents some fairly strong support levels.
I am no financial advisor! Do your research before making any investments. Invest at your own risk. PROTECT YOUR CAPITAL!
- Is that a bullish ascending triangle forming there? Will price action pierce through the resistance line on the top of that triangle? If it does, we may see another rise in price.
- Still trading above the Kumo cloud which is a bullish sign
- A breakout can be spotted on that bull pennant I drew out. Price broke through, retested, then continued it's move upward.
- Two flat bottom kumos can be spotted which is a bullish signal.
- RSI levels continue above 50% mark. This can indicate that the trend remains bullish. Will it pierce back down through the 50% mark? We'll have to wait and see ;P
- Blue convergence line continues tracing above the red baseline. Look how price action respects these levels. Each represents some fairly strong support levels.
I am no financial advisor! Do your research before making any investments. Invest at your own risk. PROTECT YOUR CAPITAL!
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