XVG Potential Outcome
Some things I've noticed on the 1HR chart:
- Is that a bullish ascending triangle forming there? Will price action pierce through the resistance line on the top of that triangle? If it does, we may see another rise in price.
- Still trading above the Kumo cloud which is a bullish sign
- A breakout can be spotted on that bull pennant I drew out. Price broke through, retested, then continued it's move upward.
- Two flat bottom kumos can be spotted which is a bullish signal.
- RSI levels continue above 50% mark. This can indicate that the trend remains bullish. Will it pierce back down through the 50% mark? We'll have to wait and see ;P
- Blue convergence line continues tracing above the red baseline. Look how price action respects these levels. Each represents some fairly strong support levels.
I am no financial advisor! Do your research before making any investments. Invest at your own risk. PROTECT YOUR CAPITAL!
- Is that a bullish ascending triangle forming there? Will price action pierce through the resistance line on the top of that triangle? If it does, we may see another rise in price.
- Still trading above the Kumo cloud which is a bullish sign
- A breakout can be spotted on that bull pennant I drew out. Price broke through, retested, then continued it's move upward.
- Two flat bottom kumos can be spotted which is a bullish signal.
- RSI levels continue above 50% mark. This can indicate that the trend remains bullish. Will it pierce back down through the 50% mark? We'll have to wait and see ;P
- Blue convergence line continues tracing above the red baseline. Look how price action respects these levels. Each represents some fairly strong support levels.
I am no financial advisor! Do your research before making any investments. Invest at your own risk. PROTECT YOUR CAPITAL!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.