XVG - Things looking bleak, but possible bottom found?
XVG is looking rough.
After being hit with attack after attack investors may be losing faith in the product.
We have a bearish TK Cross, a 50/100 Death Cross, a 20/200 Death Cross.
It may be finding support where it currently sits at about 485.
CMF sell pressure is slowly starting to decrease which may indicate early signs of a reversal.
If it breaks, I expect to see it drop to about 340 then, as far as 100 if it breaks that support.
I would not get near this trade personally until we had a confirmed reversal and multiple bullish signals are confirmed.
After being hit with attack after attack investors may be losing faith in the product.
We have a bearish TK Cross, a 50/100 Death Cross, a 20/200 Death Cross.
It may be finding support where it currently sits at about 485.
CMF sell pressure is slowly starting to decrease which may indicate early signs of a reversal.
If it breaks, I expect to see it drop to about 340 then, as far as 100 if it breaks that support.
I would not get near this trade personally until we had a confirmed reversal and multiple bullish signals are confirmed.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.