XVGBTC mid-term (my little thought)
Atualizado
Forget the FUD, the annoucement about XVG recently, what am seeing in TA is:
- we are in Elliot wave C and also in correction of wave 2 (wave 1 from 323 to 1435)
- so as expected the correction will end on one of few support areas: around 750 - 570 - 450,
- it is trying to test 750 right now, if we close the candle below 750 means that we're heading to 570 area, the 750 also is EMA50 support
- rsi hasnt in oversold yet, stochrsi oversold already, sell volume decreases slightly.
- no bull div found
Trading strategy:
- wait for clear bull signals (2 or 3 consecutive bullish days with rsi reversal crossed 55 imo)
- divide buy orders to each support area
- if ABC currently is only in wave A, so we expect to get profit at wave B correct (cause it hasnt happened yet)
- the worst condition if it heading to 450, its really good time to buy
- my two cents is it will bounce at 570 support line.
Goals:
- stoploss: below support area
- target 1: 1000
- target 2: 1200
- target 3: 1500
- target 4: 1630
- target 5: 2100
- target 6: 2500
Happy trading!
Linh
- we are in Elliot wave C and also in correction of wave 2 (wave 1 from 323 to 1435)
- so as expected the correction will end on one of few support areas: around 750 - 570 - 450,
- it is trying to test 750 right now, if we close the candle below 750 means that we're heading to 570 area, the 750 also is EMA50 support
- rsi hasnt in oversold yet, stochrsi oversold already, sell volume decreases slightly.
- no bull div found
Trading strategy:
- wait for clear bull signals (2 or 3 consecutive bullish days with rsi reversal crossed 55 imo)
- divide buy orders to each support area
- if ABC currently is only in wave A, so we expect to get profit at wave B correct (cause it hasnt happened yet)
- the worst condition if it heading to 450, its really good time to buy
- my two cents is it will bounce at 570 support line.
Goals:
- stoploss: below support area
- target 1: 1000
- target 2: 1200
- target 3: 1500
- target 4: 1630
- target 5: 2100
- target 6: 2500
Happy trading!
Linh
Trade ativo
The correction seems to be over. Bottom is 639 with quite good doji candle, waiting for today green candle to blow up.Trade ativo
We gonna see Dragonfly Doji on week candle (wait to 29/4 to confirm it), its really a good sign. If next week starts with green day candle, XVG will back.
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