XVG looks to be in a desending triangle right now. If support breaks the 786 fib it doesnt look like it has strong suppot. When crypto has such a parabolic move like xvg it is not uncommon to retrace all the way back to the 88 fib. Which is where this will go if it cant hold support. It could realistically go to around 250 sats
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If you look at the stoch rsi on the daily 4h and 1h they are are signaling a move down
this is a global market correction so this is when you shutdown tradingview and wait for market to recover, thisis not verge doing it alone everything is in correction.
rrood
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@vitaminas,
Im not trying to single out verge just share what I see. I could be wrong but I will wait to buy.
With BTC correcting right now it will prob bring down the alts further to hopefully finish the correction in most of the alts.
Andrew138
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@vitaminas, This is sound advice. So many people are screaming SELL!, when you should just be holding until the market starts to recover.
rrood
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If you look at the stoch rsi on the daily 4h and 1h they are are signaling a move down
vitaminas
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@rrood, like everything else, but 250 sats its not gonna happen
rrood
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@vitaminas,
maybe not only if it breaks the 786 fib
Andrew138
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@rrood, it might, it might not. The whole market is suffering. If it WERE just this coin, I'd be concerned. But when it's all coins but a few handful... I'm holding.