As you see above while XVG price is rising RSI is going down, here is our bearish divergence, basically there is no room for growth in the next hours. If I would have XVG I would sell at this point and wait for the support levels to buy it back.
First down target: 1600 satoshi Second down target: 1500 satoshi Third down target: 1400 satoshi Fourth down target: 1400 satoshi Fifth down target (strong support zone): 950 satoshi
Trade closed: target reached
⋅
1600 satoshi
Trade closed: target reached
⋅
down 1400 satoshi - Reached! down 1180 satoshi - Reached!
Can it really go all the way down to 950 after so much pump?? Don't you think it may stop at some point above like 1100 or 1200 and then again start it's uptrend?
frankuboi
⋅
@imfamousrajat, I'm not saying it will bounce back from 950 zone but it might go there or it might bounce back from 1400 or 1200 as well.