XVGUSD Sell setup down to $0.005

26 Mar 2018

Nice sell setup on XVG, respecting the wedge trendline heading down to our target entry for long term hold around $0.004-0.005c

27 Mar 2018

Not

just correcting the dwon move, dont get mislead by trendlines, trendlines just there for analysis, just because it may break through doesnt mean anything. Volumes isnt there, the diangonal/wedge isnt complete, 1.618 level still way down, it still needs at least one more wave down, origiinal analysis still valid. Nothing moves in straight lines, all moves need to correct for further continuations.