XVG Long Thoughts - based on previous chart

Updated
I would be paying attention if it can break 690 with a buy order at 695 to capitalise on the break out. (upper two purple lines)

Stop loss at lower purple line.
Note
We've broken below the 20 and 50 EMA, but so far support has held.

I would wait until we break out of the descending channel AND then above the EMA before placing a trade.
Trend Analysis

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