On long term weekly chart, the priceline of XVG is completing the final leg of bullish BAT, the targets as per Fibonacci BAT sequence are:
Potential reversal or buying zone: $0.003321 to $0.002484 (this should be used as stop loss as well otherwise the priceline can move dow to form Crab)
Fibonacci projection or sell zone: $0.005317 to $0.008313
Regards,
Atif...
Potential reversal or buying zone: $0.0062 to $0.0058 (this should be stop loss as well)
Fibonacci projection: $0.0066 to $0.0075
Regrds,
Atif Akbar (moon333)
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XVGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XVGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
