After riding XVG for a short up trend before, I have said that I'll get back in this trade if it hits my buy low target of around 565 Satoshi and we are getting pretty close. At this point, I'm thinking that if XEM hits my targets and I am able to take profit while XVG is accumulating, this is the coin that I'll be migrating my position into. Still not sold on the project itself, but the possible wave up on this for the next season is too great to pass up. A target of 2350 Satoshi for the high of the next 5 waves up from a low of 565 is nothing to laugh at and would be an amazing trade to be in since XVG seems to be heading the charge in price movement in alt seasons. This is a prime target to trade so that I can move the profit to the next best thing. For now, I'm just watching patiently and hoping to take profit on other coins soon to not miss opportunities.
Note
bought a small position at 597 satoshi and put orders for a little more at 570 and 565 satoshi. I can't see it going much lower from here and should be seeing at least a dead cat bounce which may turn into a wave 1 of the next impulse wave up
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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.