BuemOOn
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BuemOOn
XVGUSDT Ascending Triangle Pattern Here we see the uncommon formation of an ascending triangle. This is a good sign of the continuation of the current trend. Wait for the break out upwards but expect a retrace and bounce of the resistance line. Enter where you like, on the breakout (candle finishing above the upper line) or on the retest depending on how aggressive of a trader you are. This pattern is considered quite reliable with a 83% success rate in a bull market. This also means it can fail so trade at your risk!!!!
BuemOOn
Long set up for XVGUSDT Expect retrace to previous resistance zone which will now become support at 0.786 fib retrace zone. Expect some chop on the way down to this area as profits gets taken do to the short period of large volume.
BuemOOn
Continuation of the uptrend Currently in an area of indecision as seen at previous periods of time. If Bullish sentiment remains we will most likely see the formation of a bull flag on the daily with a potential breakout to the up side.
BuemOOn
Next target level of 32500 Based on previous support and resistance levels, I believe we will see price continue to increase to 32500 before the next impulse in either direction.
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