Legendary XVG Short: UPDATE - LOOOOONG! 1: 930s? 2: 1400s?
Updated
**Hey all! Sorry for the late update, as I'm still traveling. I'll be back to my regular posting schedule on Wednesday, July 4th.**
BREAKOUT!!!
XVG looks to have achieved it's first successful breakout from our big beautiful falling wedge that began with the PH spike & dump turning point back in April!
This could be it! We still have a ways to go, and we probably need BTC to be a reverse too. BTC looks like 6725ish is in sight, then a Right Shoulder formation that could go as low as 6100. This would be an inverse H&S with a target of 7400ish - around mid July or so. That's just my guess for now.
Always look out for throwback & pullback!
Hopefully I can get a read on some reversal patterns for XVG for you all as soon as I get some time, so we can start hitting/flipping more short-term targets.
Cheers! Good luck out there!
BREAKOUT!!!
XVG looks to have achieved it's first successful breakout from our big beautiful falling wedge that began with the PH spike & dump turning point back in April!
This could be it! We still have a ways to go, and we probably need BTC to be a reverse too. BTC looks like 6725ish is in sight, then a Right Shoulder formation that could go as low as 6100. This would be an inverse H&S with a target of 7400ish - around mid July or so. That's just my guess for now.
Always look out for throwback & pullback!
Hopefully I can get a read on some reversal patterns for XVG for you all as soon as I get some time, so we can start hitting/flipping more short-term targets.
Cheers! Good luck out there!
Note
Gettin a little bolder here with my riskiest call yet - a short-term long calling targets & timing. I'll probably get slapped with the reality of the unpredictability of markets, lol. Oh well, just for fun! I'm seeing a few bullish patterns forming since the breakout from our wedge . An asc scallop or two, an inverse asc scallop and possibly a (series of) inverse H&S . As well as some cup & handles, maybe?!
Much is still yet to be confirmed, but this is my bullish PoV as of right now.
All of these are targeting 460-500. I'd like to see it happen in the next 36-72 hours. Funny enough, that'd be a nice height for what could become an even larger asc scallop - which I have drawn in white.
Don't get me wrong - I still see the potential for a dip, but it sh/wouldn't be much. Below 375 would be somewhat unexpected for me.
Fair warning: Use caution if trying to trade based on this - it is not trading/financial advice and I do not expect it to be SUPER accurate.
Cheers, y'all!
**PS: I have a super speculative theorized roadmap/private chart laid out all the way to 900s for anyone who is interested in seeing it. DM me, if so.**
Note
The Legend is coming to fruition... PREPARE FOR BLAST OFF & HOLD ON TO YOUR BUUUTTS!!!
Related publications
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.