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sebastiancrossa

XVG Broken Support on Triangle Formation

Short
sebastiancrossa Updated   
BITTREX:XVGUSD   None
Trend Analysis Chart Patterns
3
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trendanalysis chartpattern
BITTREX:XVGUSD was forming a triangle formation and seems to have already broken the support line on it. It had a bearish formation before and will theoretically follow.
Comment:
My speculation is that XVG will drop to 750-760 SATs and reverse from there. Currently have a stop limit set up for that.
Comment:
XVG still following the bearish resistance trend line after 7hrs of initially publishing the idea. I'm thinking that we are getting closer to XVGs true bottom before it starts it's bearish movement.
Comment:
Bullish*, I meant bullish movement.
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