XVG Healthy Correction, Long

21 May 2018

# Weekly
Looking at our highest timeframe price has formed a lower high at 1300 satoshis, followed by another lower high at 900 satoshis. Stochastic RSI showing momentum is heading towards the downside, next support level at 500 satoshis.


# Daily
Shifting over to our pattern timeframe we see price broke it’s uptrend and is now respecting our daily downtrend. Stochastic RSI showing momentum is heading towards the upside. Expecting price to make it’s way towards 500 satoshis support. Will be waiting for daily conformation before taking a buy, possible drop towards 450 satoshis.

Conclusion
Buy after dip towards 500 satoshis