Short
XVG clear breakout incoming
As we can see, the clear symmetrical triangle pattern indicates a breakout likely either up or down.
Given the Fib retracement, I think the price has tested both the lower 0.15 red region and the lower 0.382 yellow region, and has bounced back up successfully. I expect the price now to drop slightly to the lower 0.5 region bound and shoot UP into the upper 0.618 blue region, and onto the moon.
Let me know what you all think!
Given the Fib retracement, I think the price has tested both the lower 0.15 red region and the lower 0.382 yellow region, and has bounced back up successfully. I expect the price now to drop slightly to the lower 0.5 region bound and shoot UP into the upper 0.618 blue region, and onto the moon.
Let me know what you all think!
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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.