Hi, lets get started.
Looking at 4 hours charts, we can see that we are in a bearish trend, but from my point of view, it's look like we are in process of generating a huge Head and Shoulder pattern. which should take us all the way down to around 0.026 USD/XVG ! after that we should go all the way up to 0.09 and fall again to generate a right shoulder. (This is just a scenario of what can happens, it's not a trading recommendation). In past couple of days we could see massive selloff, but that's normal when price is going so low (comparing to BTC) XVG went lower than others cryptocurrencies, which have stopped falling after the 5.02.2018 and rise. Why is that? Because XVG rise around 4000% comparing to BTC around 300% .
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Looking at 4 hours charts, we can see that we are in a bearish trend, but from my point of view, it's look like we are in process of generating a huge Head and Shoulder pattern. which should take us all the way down to around 0.026 USD/XVG ! after that we should go all the way up to 0.09 and fall again to generate a right shoulder. (This is just a scenario of what can happens, it's not a trading recommendation). In past couple of days we could see massive selloff, but that's normal when price is going so low (comparing to BTC) XVG went lower than others cryptocurrencies, which have stopped falling after the 5.02.2018 and rise. Why is that? Because XVG rise around 4000% comparing to BTC around 300% .
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.