Long
Compare: NDX monthly chart going back to 1990 vs XVG one year
I think there's some interesting similarities to the NDX monthly chart for the past 25 years when we compare to the XVG chart over the past year. Compare the 2 charts side by side. Both had an extreme move up (tech bubble for NDX in 1999 and Dec 2017 move up for XVG), followed by a significant pullback, then a basing period. We can all see clearly what NDX ended up doing after it based, and if XVG can hold the long term uptrend support line its chart may end up looking similar. The main point to consider is the time frames; what took the NDX many years could take XVG just weeks or months considering how much more quickly things move in the crypto space. With so many bearish charts out there in the crypto space right now, XVG is one of the only charts that really looks like it has potential for a big move. It is possible that, with crypto investors desperate for gains right now due to bear market conditions, people will really start to pile into XVG if it starts to make a move and the news in a few weeks is legit.
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