Long set up for XVGUSDT

5 Tem 2023

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.

7 Tem 2023

Not

It now seems an ascending wedge is forming on the hourly chart signalling a continuation of trend. I expect we will see a breakout above the 0.01 line very soon.