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!Note
dropping around the resistance line, but it did poke through the upper trendsNote
a good stoploss would be 920Note
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 900Note
Seems to be stabilizing, now waiting for it to cross over through upper-trend linesNote
rising nicely, looking at 1315 as the first mark it should encounterTrade active
past 1315 still heading up along the predicted bounce routeTrade active
some more interesting drops; bought in @ 1000, stop loss set at 980Note
she's heading down ;(, holding in xrp that is rising until xvg figures out what it is doingNote
Pausing around 900; could be returningNote
Forming a cup and handle indicator (bull indicator); hopefully we switch trends nowTrade active
heading back up in fib incrementsDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.