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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