XVG ANALYSIS:
XVG is at an interesting point, and positions traders up for two opportunities. XVG is pushing off of the support, but held back by a strong downward trend. I expect the current run on XVG to go up to 47 sats near the 200MA, which holds a small resistance order block. A possible wick up to 49-51 sats is possible. This is the major order block zone. If XVG can get close to 50 sats, this will be the third attempt at the trend. I expect a rejection here and a pop back DOWN to support and possibly low support range. Short opportunities bids should be set at 47-51 sats, stop loss just above 55 sats in case trend is in fact broken. Then look to close short position at 36-40 sats. The next opportunity is a long term buy at 36 sats.
Possible Short Entries: 47-51 sats
XVG is at an interesting point, and positions traders up for two opportunities. XVG is pushing off of the support, but held back by a strong downward trend. I expect the current run on XVG to go up to 47 sats near the 200MA, which holds a small resistance order block. A possible wick up to 49-51 sats is possible. This is the major order block zone. If XVG can get close to 50 sats, this will be the third attempt at the trend. I expect a rejection here and a pop back DOWN to support and possibly low support range. Short opportunities bids should be set at 47-51 sats, stop loss just above 55 sats in case trend is in fact broken. Then look to close short position at 36-40 sats. The next opportunity is a long term buy at 36 sats.
Possible Short Entries: 47-51 sats