Possible XVG Price Reversal Soon!
As BTC broke numerous support levels, most Altcoins followed like a tail end of a comet. Everyone knows about the MACD divergence on BTC, the question is: when will it reverse?
Since XVG, along with most altcoins, behaves in a similar manner, we see a similar divergence using MACD on the H4 or H3 chart. I established the final support line for XVG using the expansion at 1.618%. From there we shall expect small corrections in the up direction. An overall Fib. expansion to the up trend turns out to be the peak price for XVG. So I set the expansion at 1.618% for the resisitence target (this may change within the course of hours).
Since XVG, along with most altcoins, behaves in a similar manner, we see a similar divergence using MACD on the H4 or H3 chart. I established the final support line for XVG using the expansion at 1.618%. From there we shall expect small corrections in the up direction. An overall Fib. expansion to the up trend turns out to be the peak price for XVG. So I set the expansion at 1.618% for the resisitence target (this may change within the course of hours).
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