XVG / USD TA
After nearly a 3.8 Million percent gain back in 2017, we have retraced 99.54% thus far and we might not be done just yet as we are currently riding rising channel, which has high chance of breaking towards the downside at least in the short term.
Bullish case scenario would be a break towards the upside but that would require Bitcoin to be bullish as well, which is yet to be seen as we struggle to even stay above $10,000 resistance point.
At this time I would be a buyer if XVG reaches four zero mark or if I see some bullish action from Bitcoin.
After nearly a 3.8 Million percent gain back in 2017, we have retraced 99.54% thus far and we might not be done just yet as we are currently riding rising channel, which has high chance of breaking towards the downside at least in the short term.
Bullish case scenario would be a break towards the upside but that would require Bitcoin to be bullish as well, which is yet to be seen as we struggle to even stay above $10,000 resistance point.
At this time I would be a buyer if XVG reaches four zero mark or if I see some bullish action from Bitcoin.
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