Get started
Christians_SKS

XVG/BTC Decreasing Downward Momentum Symmetrical Triangles

Christians_SKS Updated   
BINANCE:XVGBTC   None
Trend Analysis Harmonic Patterns Chart Patterns
0
0
trendanalysis harmonicpatterns chartpattern
I don't expect XVG going down further than to the 680-690 level. Then there might be a big spike up. The volatility seems to be decreasing, this might be some kind of accumulation before the breakout.

A am already in a long trade and might stay in. Have to think about my stop loss...
Comment:
It's also possible that the symmetrical triangle breaks to the upside... The probability is just lower.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.