They say it's hard to catch a falling knife. Finding predictive trends that show any signs of upward momentum is difficult. However, I have some methods and tools that can give some hope to a lot of downtrend and without needing multiple bottoms to draw trends.
Vertical lines = Change is coming soon?
Horizontal lines = Traditional levels. Think support and resistance.
Sine = Curved trends to fail or respect. Think curved support and resistance. How is price action in relation to the sine through the ups and downs? Does the price diverge or align with the sine? This can help you decide if the price is on balance or not. In some cases the price might even oscillate on both sides. This will be your time to decide under or over sold.
Channel= From sine wave tangents / wave heights. This is based on key points in history and current price. One way to monitor trends for upward trajectory IF any happens soon.
XVG looks like a coin that will lag behind the market for a bit. Maybe some sideways and oscillating along the trends above and below. Pay close attention to the current price level all the way to 3 sats if you are wanting to take risks on it, every sat is huge. I like XVG but I will prob only buy a very small amount here and reduce risk by setting buys below. If they don't fill then wait for strong conformation later. Profit from other coins will likely come first and I am ok with missing XVG pumps as long as I catch the retests later. If my calculations are correct the current price is what it should be. Timing is 100% the most important part of XVG trading.
Vertical lines = Change is coming soon?
Horizontal lines = Traditional levels. Think support and resistance.
Sine = Curved trends to fail or respect. Think curved support and resistance. How is price action in relation to the sine through the ups and downs? Does the price diverge or align with the sine? This can help you decide if the price is on balance or not. In some cases the price might even oscillate on both sides. This will be your time to decide under or over sold.
Channel= From sine wave tangents / wave heights. This is based on key points in history and current price. One way to monitor trends for upward trajectory IF any happens soon.
XVG looks like a coin that will lag behind the market for a bit. Maybe some sideways and oscillating along the trends above and below. Pay close attention to the current price level all the way to 3 sats if you are wanting to take risks on it, every sat is huge. I like XVG but I will prob only buy a very small amount here and reduce risk by setting buys below. If they don't fill then wait for strong conformation later. Profit from other coins will likely come first and I am ok with missing XVG pumps as long as I catch the retests later. If my calculations are correct the current price is what it should be. Timing is 100% the most important part of XVG trading.