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
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30% profit in 2 hours.
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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
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I think we hitted bottom at 752sats, indicators becoming bullish.
Trade active
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After that triangle consolidation I fell next pump incoming :-)
hi Pawel, do you think it will touch 720ish area? Thank you for the updates. Btw, you don't have your crypto addresses for tips :)
pawelchasikowski
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@ZatoshiSun, you cant put it here because they will delete your updaye bro :) only in privaye message I can give it to you. I think it can touch it :-)
pawelchasikowski
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@ZatoshiSun, just take your time, sometimes no trade is better then trade, I always wait for my TA targets, if it dont hit it im not interested in trade, we buy and sell for reason always :-) if we dont its emotional trade and we dont want it.
pawelchasikowski
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@ZatoshiSun, if you want agressive entry take it now with stoploss under bull flag line just 5%
ZatoshiSun
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@pawelchasikowski, Thank you very much, Pawel, for your advice. It helped a lot. I, actually, was waiting for 750 to get in but after some of my TA analysis I decided to wait a little more because I see that if it won't hold the 750 area it can go to 640-713. I am new to TA and that's why I am asking for your opinion. Thank you again for being so helpful
pawelchasikowski
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@ZatoshiSun, you see its also lesson for me to not look for perfect bottoms, It bounced up tricky from 753sats :-)
ZatoshiSun
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@pawelchasikowski, We all know that crypto market is so volatile market and nobody can be 100% right :) we all make mistakes and learn from them. thanks for sharing your thoughts
chefluc
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I buy XVG at 0.0705 what your opinion look like a bull flag?
pawelchasikowski
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@chefluc, yes it looks like bull flag, also indicators are bullish, but looking at all that verge FUD I would recommend 810 stoploss just in case it fall you will rebuy lower
chefluc
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@pawelchasikowski, thanks FUD are behind no? now I am trading xvgusd I am expecting a down at any time from BTC..week end will see probably a last down before recovering