Short term bounce for a cup and handle setup in XVG. Be aware if BTC is tanking the trade may not work entirely.
If you want an early bird entry 1235 to 1250 is a very good entry if the price is pooling back to Tenkan Sen level which is 1235. Now it can go lower if both Tenkan Sena and Kijun Sen stay flat but the risk to reward is of course greater.
A safer trade with volume is Entry: 1335, stop: 1245, target: 1480
BINANCE:XVGBTC
If you want an early bird entry 1235 to 1250 is a very good entry if the price is pooling back to Tenkan Sen level which is 1235. Now it can go lower if both Tenkan Sena and Kijun Sen stay flat but the risk to reward is of course greater.
A safer trade with volume is Entry: 1335, stop: 1245, target: 1480
BINANCE:XVGBTC
Commentaire:
Update: the cup and handle patterns has been invalidated, apparently we are in a down trend channel and we could go higher possible break out.
