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yeeyee2020
Dec 28, 2017 8:55 PM

XVG - Trend Analysis + Gann Fan (LONG) Long

BITTREX:XVGBTC240
Verge / BitcoinBittrex

Description

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Alright, so on December 24th I predicted a crash in XVG, which was for the most part correct (despite some minor bulltraps):



However, given some indicators and analysis of the order books, I think it's quite very possible that this is the end of the correction.

We broke a massive supporting trendline , and on top of that we just had a confident 1/1 retracement breakout.

RSI levels looking healthy, and it looks like this is the bull run that many were looking for.


Given the very apparent volatility of this coin, please trade cautiously.

(USING 4 HR CANDLES!)

Comment

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Can we break past 1050 resistance with confidence?
Trend AnalysisTechnical IndicatorsGannXVGBTCxvgBTCFANtrendanalysisBullish PatternsLONG
Comments
Steadie
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Big ABC correction measured up after 1250 sat, could end up @ 655

Seems to be overhyped about the release, if the say its going to the moon, it could go lower!
MuMPiTz
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we're at 1200 sat now, would you sell some now expecting a little retrace before it goes up further or would u just hodl?
YV2020
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@MuMPiTz, HODL
MuMPiTz
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@XVGTRON, ^^
yeeyee2020
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@MuMPiTz, You should not sell your position all at one time, nor should you hold it all.

Progressively sell parts of your position as we move up so you don’t miss out on profit
MuMPiTz
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@michaelhlee20, ty
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