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XVG Caution

Por olddb
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after the recent announcement XVG has been trying to hold the 900-1000 mark however it appears to be losing this battle. we have what appears to be a descending triangle patter on the 15 chart. If we follow this pattern we should see a break in the bottom trend line (shown in blue). Using the red line as our marker that should place that break down at around 194 points (give or take). USE CAUTION with any upcoming trades here as there is no guarantee what way this coin will turn
Nota
to clarify its not going to 194 but maybe down by 194 so new zone would be high 600s low 7's
Nota
Option two would be a push above the line. This could be a retest of the 1000 line. watch for the break people!! as always stop loss is your friend!!
Nota
it looks like she tried to throw up a false breakout and then a small rally. continue to be cautious. the EMA 13 is still to high for this to break up hard. the downward journey could go anytime. trade with caution.
Chart PatternsTechnical IndicatorsTrend AnalysisxvgxvgbreakoutXVGBTCxvgcautionxvgshortxvgverge
olddb

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