XVC is one of those fractal nature coins that makes crazy breakouts when it leaves its consolidation triangles. XVC is at accumulation level so looks like there is no interest and people are extremely depressed, see no hope and call it dead, this is EXACTLY where whales are looking to accumulate for the next big run. Accumulation level is a silent level, ground...
Here we have XVC on quite a journey down but getting within buying range.
We have been trending down for quite some time and we have just hit lows from back in December 2016..... what a fall hope no one has been holding this.
Please not the spread on the buy zone its large nearly 20% so don't just go jumping in head first to buy, basically we want to sit on the...
Looks to be right on long term trend right now. stuck int a little channel wedge but will probably break out to the upside once the wedge completes. Set your stops at around the upward sloping bottom trend line. #xvg $xvg
price action of XVCUSD consolidating at the resistance level at the wedge apex following a multi month trend line. A breakout to the upside would mean a return of 80% until any real resistance at $1.2968.
