profssrfink

profssrfink

XVG continues to find support around .14 to .15 Looking for a breakout wedge here.

profssrfink

Still channel bound. bounced off bottom of channel nicely this AM. Hopefully it can maintain until the bithumb news hits.

profssrfink

Looks to be right on long term trend right now. stuck int a little channel wedge but will probably break out to the upside once the wedge completes. Set your stops at around the upward sloping bottom trend line. #xvg $xvg

profssrfink

Very tight channel upward for now. Pending release of new protocol is jumping the price up. I would expect this coin to reach its previous all time high at around .30 cents within the next couple of days. #xvg $xvg

profssrfink Updated 

Another wedge forming here. Could be a break out or fall to floor. Im betting on the former. #xvg

profssrfink

looks like any changes in trajectory upward are stymied by some large sells. Channel bound for now. Looks like the entire market for coins sold off with the exception of XRP. Could be a rebalancing of the market as people sell off BTC and LTC.

profssrfink

XVG forming another very tight wedge. Will probably break to upside and continue the more moderate channel upward created during the recent bounce back. Expect the channel to hold strong until additional news come outs regarding Wraith.

profssrfink

Looking at some corrective action here chart went a little too parabolic. I would set buys at 1.63 and 1.5.

profssrfink

Looks like XVG is establishing a new trend line here after a massive selloff over the Christmas holiday. Any positive news on the platform developments may change this trajectory, but the price is holding steady at the current resistance level. Any breaks above this line may just establish this line as the new support while the coin gets locked into a more humble...

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In my last post I surmised that XVG would move up and break at the corner of the latest wedge. That was not the case, but the downward recent trend line is narrowing. Price will break to the upside if support can be maintained, and here we have triple confirmation of support at ~.11 cents. If I had more money I would be doubling my position here.

profssrfink Updated 

If the last move up is a base model for future movements, then we might see a breakout from the wedge thats currently forming. This retracement has been painful since I saw an all time high of my account value and a huge pullback. Hopefully the weed that is forming is preparing us for a big breakout.

profssrfink

XVG retraced 50% last night. Rebounding. Will need to break the 50% retracement resistance level. Once done should resume upward trend back to above average gains over long term trend line.

profssrfink

This is a very BASIC look at trends. I have watched and traded LTC all day and it is being very stubborn about breaking this current rally (about $370). This happened lats week to IOTA and it will prolly happen to LTC. I think it will trend sideways or down. Im still bullish on LTC but if the days trading is any indication we are seeing some pretty crazy selling...