Fib analysis of XVG starting to move, seems supported
It has been a very volatile trip following xvg. Through all the disinformation and panic it seems to be supported as indicated on the charts and now has a balanced volume. The previous "ideal convex and concave" buy/sell volumes that supported it on the last drop have moved to being more linear with a higher sell wall at 2000. Currently teetering on the resistance line (red line) also indicated on the chart and is most likely moving into a more bull trend to continue its upper "bouncing-movement" mentioned in the previous post along the major orange support trend. Eager to see where it heads next.
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I've been holding since yesterday, luckily I set my stop loss at 800 as it almost touched 900 when I was away!
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dropping around the resistance line, but it did poke through the upper trends
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a good stoploss would be 920
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Badly marketed verge video released; their "xvg whale" videos are pretty strange haha, that could cause a temporary fall in price so I've jumped out. Currently in a profit, waiting to see if the price goes back to 900
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Seems to be stabilizing, now waiting for it to cross over through upper-trend lines
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rising nicely, looking at 1315 as the first mark it should encounter
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past 1315 still heading up along the predicted bounce route
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some more interesting drops; bought in @ 1000, stop loss set at 980
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she's heading down ;(, holding in xrp that is rising until xvg figures out what it is doing
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Pausing around 900; could be returning
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Forming a cup and handle indicator (bull indicator); hopefully we switch trends now
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heading back up in fib increments