Many moonboys thinking about "wow pump again", but markets need correction. XVG had a super bullish run, but it has an effects.
Typical correction of super bullish run is:
Phase 1. Some trade at high level (wise sells to fools)
Phase 2. Super dump at 0.382-0.5 fibb levels to have a panic for buying dip
Phase 3. Rebound around 10-20%
Phase 4. Super slow decline with many bull-traps
Phase 5. Accumulation and bullish impulse of new cycle at dip level (usually like a flat)
Right now we have super high 4h Stoch RSI. Plus touch and bounce from upper line of downtrend channel.
Probability of retrace now is very high. Also because of bearish sentiments on all crypto markets.
Target level that I want to see for starting new trades is 577 - 628 zone.
P.S. Also waiting for TRX. And may be IOTA, EOS. But EOS have a start of masternodes network at 2 june and may be pumped at this time.
Typical correction of super bullish run is:
Phase 1. Some trade at high level (wise sells to fools)
Phase 2. Super dump at 0.382-0.5 fibb levels to have a panic for buying dip
Phase 3. Rebound around 10-20%
Phase 4. Super slow decline with many bull-traps
Phase 5. Accumulation and bullish impulse of new cycle at dip level (usually like a flat)
Right now we have super high 4h Stoch RSI. Plus touch and bounce from upper line of downtrend channel.
Probability of retrace now is very high. Also because of bearish sentiments on all crypto markets.
Target level that I want to see for starting new trades is 577 - 628 zone.
P.S. Also waiting for TRX. And may be IOTA, EOS. But EOS have a start of masternodes network at 2 june and may be pumped at this time.
This short analytics still working on middle term (around middle of may).
Also this channel stop working soon. I will keep you updated on this long and short positions.
Why I do short and longs at the same time? Because cross trading very usefull to minimize your risks. Also we should can see whole picture minimum on 2 weeks to takes decisions how and what we should do.