after the recent announcement XVG has been trying to hold the 900-1000 mark however it appears to be losing this battle. we have what appears to be a descending triangle patter on the 15 chart. If we follow this pattern we should see a break in the bottom trend line (shown in blue). Using the red line as our marker that should place that break down at around 194 points (give or take). USE CAUTION with any upcoming trades here as there is no guarantee what way this coin will turn
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to clarify its not going to 194 but maybe down by 194 so new zone would be high 600s low 7's
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Option two would be a push above the line. This could be a retest of the 1000 line. watch for the break people!! as always stop loss is your friend!!
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it looks like she tried to throw up a false breakout and then a small rally. continue to be cautious. the EMA 13 is still to high for this to break up hard. the downward journey could go anytime. trade with caution.
@Crypt0Bean, Notice how XVG dropped about 200 sats 30 mins before the announcement? I believe he hustled everyone. Check out his twitter pic of him painting a snake. A message to everyone who got hustled imo
olddb
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@Crypt0Bean, I don't disagree with you on the way the handled it. However most that are looking at these things are not looking at the actual prjects to them. most are looking at the advancements of their personal portfolio. as with any coin buy the rumor sell the news. Following that process I was personally able to double my own footprint. so while it may be a shaddy process that went down it is still somewhere flips can be made. kind of like with tron. most real investors loathe tron but even flips can be found there. For small investors whom cant swing with the big fish on funds these coins are simple ways to turn 100 into 1000's as long as you watch the signals. This is all I offer to people is my view of the signals. To hopefully help others see things and also to improve my own review of the market.
Crypt0Bean
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@olddb, I feel bad for the people still HODLing XVG. I clicked the play button... XVG will go much lower imo