Updated
XVG touched triangle bottom, very bullish
Should bounce back up.
RSI at very low point now.
When it breaks out, first target would be 1400/1484.
Second target 1607, after that could go up towards 300
RSI at very low point now.
When it breaks out, first target would be 1400/1484.
Second target 1607, after that could go up towards 300
Note
My first chart analysis, please give feedback on the goods & the bads!Trade active
Still on track, still above FIB 236 line.Low volume since 9th Jan, RSI keeps getting lower.
I expect action in the coming days
Note
Another look on this: XVG touched the 236 line (just below support):Trade active
As you can see in my first chart, it touched the 236 line.I still expect a rebounce, but follow up closesly.
Trade active
As for now, it didn't go below the .236 FIB point.There is also a solid support around 913 sats.
30min chart shows that MACD is rising.
On the other hand, value is below SMA50/SMA100, and both SMA's run equally now.
Trade stays active as long as the .236 FIB point isn't passed.
Trade closed: stop reached
.236 FIB point was crossed downwards
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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.