XVG Fall
Target: The area of interest [blue]
Reason: Data shows rejection of bulls below the exclamation mark [Heavy drop down immediately followed by breach]. After dropping down XVGBTC price has been staying underneath 50 EMA zone [4H] without going over the line. A retest may still be possible but the symmetrical triangle shows that the price leans more towards the bottom. Volume has been low also. My eyes tells me that a H & S pattern could be forming as drawn.
Reason: Data shows rejection of bulls below the exclamation mark [Heavy drop down immediately followed by breach]. After dropping down XVGBTC price has been staying underneath 50 EMA zone [4H] without going over the line. A retest may still be possible but the symmetrical triangle shows that the price leans more towards the bottom. Volume has been low also. My eyes tells me that a H & S pattern could be forming as drawn.
Catatan
A closing price below the right shoulder could indicate the beginning of the drop.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.