Hi guys,
I made this graph for a follower that was asking me to make a TA about XVG. As for now, for the mid term, XVG shows signs of an early overbuying (hype?) and a compressive downish corrective triangle. I heard good and bad things about XVG so this TA doesnt contain analyzing biais.
So to resume :
RSI shows overbought state
MACD shows early sign (trend crossing signal) of a correction.
Trend showing lower highs and lower lows.
Buy the dips, this a classical 1-2 wave, price gonna move to stabilise near wave 1 range before wave 3.
Definitively going on my watch list for long term profit.
I made this graph for a follower that was asking me to make a TA about XVG. As for now, for the mid term, XVG shows signs of an early overbuying (hype?) and a compressive downish corrective triangle. I heard good and bad things about XVG so this TA doesnt contain analyzing biais.
So to resume :
RSI shows overbought state
MACD shows early sign (trend crossing signal) of a correction.
Trend showing lower highs and lower lows.
Buy the dips, this a classical 1-2 wave, price gonna move to stabilise near wave 1 range before wave 3.
Definitively going on my watch list for long term profit.
Comment:
this a classical 1/1-5/-ABCDE/2**
Comment:
correction could switch to a compressive triangle
Trade active:
C & D completed. E is your buy zone
Trade active:
on the road for E
Trade closed: target reached:
E point completed. Update soon.