XVGUSD(T) - The original shitcoin. Upside potential or scam?
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
The original 2017 shitcoin, XVG
Trend: bullish (HH, HL's, upward channel)
Notes:
- Healthy uptrend, holding decently even with the current BTC pump that is happening
- Beautiful retrace to 0.382/0.5 fib level after the large wick
- Currently struggling to break/remain above W1/M1 resistance level
- Lowish volume
Trade ideas:
- XVG still feels like a shitcoin, would personally stay away
- If you do want a trade, I'm expecting a bounce on the Feb open/0.5 fib level before another leg up [LONG]
- Alternatively a bounce on the bottom of the channel/0.618 fib level before we bounce up [SHORT/LONG]
The original 2017 shitcoin, XVG
Trend: bullish (HH, HL's, upward channel)
Notes:
- Healthy uptrend, holding decently even with the current BTC pump that is happening
- Beautiful retrace to 0.382/0.5 fib level after the large wick
- Currently struggling to break/remain above W1/M1 resistance level
- Lowish volume
Trade ideas:
- XVG still feels like a shitcoin, would personally stay away
- If you do want a trade, I'm expecting a bounce on the Feb open/0.5 fib level before another leg up [LONG]
- Alternatively a bounce on the bottom of the channel/0.618 fib level before we bounce up [SHORT/LONG]
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