Clean chart with an obvious invalidation. Enter around 53 sats, TP around 65 sats, keep a tight stop loss around 50.
A retrace to strong support around 39-40 sats is looking possible here, which would be a nice bounce point for a target around 80 sats.
Holding around 39-40 is a bullish response to the selling pressure from Bitcoin's surge today. I believe this is great support for the next leg on XVGs bullish price journey. This is a good risk/reward opportunity with a tight stop loss, if the price goes below 36 sats the trend will be in question.
Simple rules for a pitchfork chart: * Price tends to gravitate towards the median line. * When price breaks the median line there is a high chance it will pull back to retest again the median line. * When price breaks the Pitchfork channel on the opposite side of the channel direction, there is a shift in market sentiment and the trend can reverse. Right now...
34 sats was a support level that needed to hold for further upside, unfortunately that has become a significant resistance level instead. There is still a possibility of upside from this falling wedge pattern, but under 34 sats this is a no trade zone for me. Will wait until resistance is broken and retested to enter a trade.
I've been hearing a lot of folks getting excited about XVG and calling for a new all time high. I have news for you... XVGBTC ATH is never going to happen. (Probably not XVGUSD either, but that's another chart). But, if this truly is the bottom for XVGBTC (for now), then great things are possible. A modest 0.38% of ATH would bring the value of XVGBTC to nearly 800...
A nice long-term pattern with increasing volume, currently bouncing off of support. Volume increasing as well. If support holds, an entry here could be worth $.02 (70% gain) in the next month or two.
If this pattern plays out for XVGBTC, then the expected target is 0.00000059 BTC. I would wait for strong price action above 0.00000042 BTC to enter a trade, for a potential profit of 40%.
Same Bull Div on the USD & BTC pairs. Short-term target 20%. 80-100% by year end.
Same Bull Div on the USD & BTC pairs. $80-$100.
0.04250 level seems like great support to get back into ZEC and continue this bullish trend.
Target 1 is ATH at 12000, with a second target around 18800, which is the 1.62 extension and also happens to be based on the depth of the bowl. Nice bullish divergence on the 1D SRSI as well.
I've been posting this same $ETHBTC chart for months, and it's been surprisingly accurate. We're about to see a golden cross on the 1 day, which in the past has been an extremely bullish signal. My intermediate target (2-3 months) is .15BTC. Long term target if this chart continues to play out is somewhere around .4BTC.
Bullish divergence forming on the 1 day chart with nice increase in volume here.
Will revisit this chart in a week or two and see how I did.