Following our previous analyses on the daily and smaller timeframes (www.tradingview.com/...-Timeframe-Overview/), we are currently monitoring this cryptocurrency for a nice, coming short opportunity. As it stands now, BITTREX:XVGUSD is nicely gaining momentum for more downside. Slowly crawling up on the daily and smaller timeframes, it is, in fact, moving as a correction following a small impulse to the downside, and we are expecting this cryptocurrency to retest the low of the "B" wave of the daily ABC correction, potentially dropping down further towards the 0.014 area in the coming months.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.