While everyone is waiting for xvg to move, zooming out yielded a large cup and handle forming. A cup and handle , as previously posted about, indicates an approaching increase in price. On the scale depicted in the chart above it looks like the handle could extend down to 1150. For price projections if it follows through we could be seeing the 3000 range. Again, throw a stop loss in at 1000 and if you've been in since 800-900 on the dips then you'll be making profit anyway if it doesn't follow though.
A double top could be forming on the "handle" which usually indicates a trend reversal aka a down trend, therefore, there are currently two contradicting indicators... xvg is always strange. Watch to see where it is heading!
Wraith has been compiled, there was a bug with the fees, and it seems to have been announced that it was "fixed"
If it goes below 950, just below its current support line, that would be reason for concern.
Looking at the 15 minute chart xvg is forming a miniature cup and handle bull indicator
Be wary over the next few minutes as it is touching a lower support line and if it falls through we could see a further drop; aka bail out then buy back in at the bottom
fyi BTC run is most likely causing this (not concerned)
Once xvg breaks out of the triangle it is forming then we will see it make a large run, right now it is oscillating up and down inside it's boundaries. Haejin posted a graph of this and I may post one once it becomes more clear that xvg isn't being artificially pumped up and down
@SohaibSdq, I'm still holding, I'd be concerned as I said if it went under the 950 range, but we should be seeing an upward trend very soon as it is coming back down to the center oscillation line I may post another chart to show this
@khan1272, xvg has had increasing random fluctuations in volume in the recent month due to market manipulation and a huge amount of the coins (50%) being in a few people's hands, therefore, it isn't much of a trustworthy indicator. I stopped observing the volumes in xvg as they change so rapidly (obviously they are checked when day trading).