XVG/BTC - will there be explosive upside soon?
Based of the Prophets indicator suite, a golden pepe appear when there is divergence appears across different indicators like RSI, MACD, MFI, OBV and a custom OSC. A golden pepe is created by combining these 5 divergences.
Back testing this on a Weekly chart for XVG/BTC shows that within 10/11 bars (weeks) after a golden pepe appears, xvg begins bullish movement up to double the previous PA, not only percentage wise but also with volume. The outlier of this find 1st golden pepe appearance in Sept/2018.
Within 6 weeks, PA turns bullish and the move up begins (of course with the 1st pepe being the outlier in the find).
Using this same logic, the chart suggests that within 3-4 weeks, we could see explosive upside potential for xvg.
In the RSI pane at the bottom of the chart, you can also see that the green area is signalling a trend reversal based, with more ghost (not locked in yet) divergence across MFI, MACD, OBV and a custom OSC (locks in on this weekly close if it closes green).
Disclaimer, i currently hold zero xvg, but i will be buying a decent sized bag of it if we can have a solid close above 27 sats.
I'm not here to shill the prophets suite, i don't work for them, i don't have any ties to their business, but if you're interested i a trial, visit prophets.vip
Back testing this on a Weekly chart for XVG/BTC shows that within 10/11 bars (weeks) after a golden pepe appears, xvg begins bullish movement up to double the previous PA, not only percentage wise but also with volume. The outlier of this find 1st golden pepe appearance in Sept/2018.
Within 6 weeks, PA turns bullish and the move up begins (of course with the 1st pepe being the outlier in the find).
Using this same logic, the chart suggests that within 3-4 weeks, we could see explosive upside potential for xvg.
In the RSI pane at the bottom of the chart, you can also see that the green area is signalling a trend reversal based, with more ghost (not locked in yet) divergence across MFI, MACD, OBV and a custom OSC (locks in on this weekly close if it closes green).
Disclaimer, i currently hold zero xvg, but i will be buying a decent sized bag of it if we can have a solid close above 27 sats.
I'm not here to shill the prophets suite, i don't work for them, i don't have any ties to their business, but if you're interested i a trial, visit prophets.vip