XVG BTC price compression: expect the unexpected before 7th Jan
Hello,
After 8 months of pure bloody-bath it seems XVG could possibly be ready for an inversion pattern.
However, the market won't reveal its true nature until the compressing triangle won't be 100% drawn: in this sense, I believe we will se a big movement in the very first week of January 2019.
Our main resistance, in case of a breakout on the upside, should be definitely at 240 satoshi, but we won't get there until retested 215 satoshi (which is the level we have been rejected on the 24th of December, last week).
Otherwise, in case of a downside breakout (I mean in case we should invalidate the lower neckline of the triangle) the short-hunting war will begin with serious chanches of panic selling by the speculators.
NO FINANCIAL ADVISE, just sharing some ideas about a coin which will make happy only the long term believers.
Cheers,
Vito
After 8 months of pure bloody-bath it seems XVG could possibly be ready for an inversion pattern.
However, the market won't reveal its true nature until the compressing triangle won't be 100% drawn: in this sense, I believe we will se a big movement in the very first week of January 2019.
Our main resistance, in case of a breakout on the upside, should be definitely at 240 satoshi, but we won't get there until retested 215 satoshi (which is the level we have been rejected on the 24th of December, last week).
Otherwise, in case of a downside breakout (I mean in case we should invalidate the lower neckline of the triangle) the short-hunting war will begin with serious chanches of panic selling by the speculators.
NO FINANCIAL ADVISE, just sharing some ideas about a coin which will make happy only the long term believers.
Cheers,
Vito
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