If we zoom out and look at the macro trend there is evidence to suggest that we are in the start of a bullish cycle. XVG has already increased by roughly 400% from the capitulation wick down. We are currently finding support from the resistance we crossed at $0.004 and should expect another move up after consolidation. The 2W candle has closed above the 20MA and the next target is the 50MA, on a larger macro move. We could eventually go as high as $0.025 before getting rejected back down. Using the Risk:Reward metric will allow for trades where the upside is reasonable and the downside is manageable. Trade safely.
Trade closed manually:
The ride has been fun. Time to cash out.
Trade active:
$0.015 still the target.
Trade active
Trade active
