XVGBTC Be Gready when others are fearfulll !! Double bottom!!
Hello Traders!
Lets look at XVG 4H chart. There was some FUD and we all was looking at nice selloff.
But suddenly price stoped to drop at 0.618 fib retracement level, which is technical good to do it, and
created a double bottom here. We dropped below 200EMA and if there will be a bounce up,
which I personally belive in, it will our be first resistance.
Verge still is good project with nice partnerships and longterm is ready to give us money.
Look RSI and Stoch RSI, both huge oversold and this is buy signal for us.
Buyzone 0.00000720-0.00000750
I recommend stoploss at 0.00000698 level just little below support.
If you like my chart and will make money on it, and want to help my education - send me tip,
just feel free to ask for wallet in private message.
I will post update as soon as I will see some movement in right direction.
Lets look at XVG 4H chart. There was some FUD and we all was looking at nice selloff.
But suddenly price stoped to drop at 0.618 fib retracement level, which is technical good to do it, and
created a double bottom here. We dropped below 200EMA and if there will be a bounce up,
which I personally belive in, it will our be first resistance.
Verge still is good project with nice partnerships and longterm is ready to give us money.
Look RSI and Stoch RSI, both huge oversold and this is buy signal for us.
Buyzone 0.00000720-0.00000750
I recommend stoploss at 0.00000698 level just little below support.
If you like my chart and will make money on it, and want to help my education - send me tip,
just feel free to ask for wallet in private message.
I will post update as soon as I will see some movement in right direction.
Trade closed manually:
30% profit in 2 hours.
Comment:
XVG creating a bull flag on 4h chart, if we break it up follow targets from main chart, if we break it down I expect double bottom touchin magneta horizontal line, and bounce up from it with 1st resistance around 900sats.
Trade active:
I think we hitted bottom at 752sats, indicators becoming bullish.
Trade active:
After that triangle consolidation I fell next pump incoming :-)
