Short term analysis for XVGI have based my expectation on the high volume between 19 and 20 February (see volume bars below). At this time XVG announced their listing on BitIndia, the biggest exchange in India. For the short term, for me this is 24 hours, it all depends on the success of their crowdfunding for me. As until today, things are going good for the XVG team. By finishing their crowdfunding with succes, I expect that XVG shall gather more and more trust from the average crypto investor. We all know that news and hype plays a huge role in the price of crypto. Even though this isn't breaking news, it could lead to more volume, as more and more news feeds are covering XVG's story.
Therefore, I have set a short term goal for XVG. I bought in at 0.00008000, and set a sell order at 0.00009000. Taken my earlier analysis for IOST and CDT into account - both made it within my given timespan - I am a less sure about XVG. This because it all depends on the volume, which all depends on the positive news about the XVG crowdfund. For the next 24 hours, this is a small risk investment as the forecasts show a positive signal.
Please comment if you have any remarks.
