Short

XVG new support zone

Updated

Recent fluctuations point to XVG trying to establish a new support window. Red lines show current markings or supt/resistance (which when pulled back match up to supt zones in the past. The blue line highlights the current zone that XVG seems to be trying to hold to. you can see a handle with a small cup followed by several ups and downs as it tries to pull to this new line. There is still work to do if XVG wants to move up past this mid level supt line to the higher resistance line. A market shift should occur soon on this coin any thoughts on what way? Again not financial advice just my personal observation.

Note

XVG pushed down past the threshold to briefly touch the next support level down. A small rebound seems to be occurring. if we follow the 5 rule we should see an uptrend in the price soon. Which if my review was correct we will still see this upward trend continue for a small return. Bottom was at 619 current is about 625 which is a 1% return. if it marches to my blue line 654 prediction then that will be a 5-6% ROI.

Note

the down trend extended a bit further than the 619 projected but has recovered nicely to level off. lets see what the next bit does as it appears we could be seeing an upturn

Note

While the dip was slightly lower than the 619 projected it has settled into a nice consolidation around the 620-630 zone. I believe if you have not found your entry point yet you should find it soon as I feel there is still more of an upturn coming .

If you bought at the 620 zone, the 1% upturn I mentioned yesterday has hit. and the green candles have been consistent for. currently if you did get at 620 and sold at the high mark seen then you hit 2% ROI. Watch for your exit point so you don't dip to low as it fluctuates.

I still think we could see this pull back up to my projected (Blue line) level of around 650.

Note

Up to 651. SHe is right on track!!!! I expect some form of resistnacne soon so watch yourself.

olddb

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