Just an idea... we will see what happens...
There is a clear bullish divergence in the 1h RSI . Remember: The daily RSI is extremely oversold...
Ok, we can go further down 50 Satoshi or something like that, but then we will have a nice ride upwards for a while...
I don't expect XVG going down further than to the 680-690 level. Then there might be a big spike up. The volatility seems to be decreasing, this might be some kind of accumulation before the breakout. A am already in a long trade and might stay in. Have to think about my stop loss...
I will go long on this one. It's pretty risky. No financial advice.
There is not much space left in the triangle. I think we might have a nice breakout soon...?
I am on this long trade. No financial advice.
This is how a symmetrical triangle as continuation pattern works... Just for people, who are interested in chart patterns as an example...
This would be my ideal scenario.
That's why I see a possible breakout at 0.0004250...
I see a possible breakout at about 0.0004250 close to the 0.5 Fibonacci Level.
If the blue support line doesn't hold, a further correction to the 0.618 Fibonacci level is likely in my opinion...
I will take this Longtrade. Nothing is going down forever in this altcoin bullmarket. No financial advice.
Lots of indicators show that there needs to be some kind of correction soon (for example Laguerre RSI on a daily). But maybe this is just some kind of FUD and we continue to move upwards...
Not very sure about the triangle, but it would be my preferred scenario to get a good entry at about 550 Satoshi...
530 need to be broken, then it will probably go to 500 Satoshi.
I will go long now with a reasonable Stop Loss. No financial advice.