At this point, it is time to consider re-entry in to XVG, especially since it has a lot of great opportunities in the upcoming weeks. The shortplay here was to exit XVG while the RSI was blasphemous and re-enter on a Kijun Bounce. If it goes lower than the Kijun Sen, then that makes for a bearish signal. But for now we can look at the Kijun Sen as a form of gravity as it pulls the price towards it. When it gets in that range, it is worth re-entering, assuming we have the other bullish signals.
Let's see what happens!
Let's see what happens!
Comment:
Looks like this might be as much as we get out of the bounce