Vergecurrency XVG forming a falling wedge reversal. Could be on the #verge of a huge breakout. MA or Fib levels doesn't seem to provide any support or resistance. However, a 14D MA has never been so spearheaded without bumps. Might need a catalyst which could be a price action related to $BTC. An estimate of the breakout will be somewhere in 1st week of February. Confirm the breakout by volume in case you want to play little safe (Put a conditional order at 810 when > 800).
ノート
The coin has touched the buy zone at around 730 Satoshi. Its a good time to buy if you like taking slight risks or else you can buy after confirming the breakout as stated earlier.ノート
Two new partnership and listing on Godex.io has been announced. There seems to be no considerable effect. Bearish BTC is affecting the confidence of all investors. Once it is stable, we should see the breakout.ノート
Unfortunately BTC had a negative price action that made things haywire. This is why it is extremely important to buy after confirmation. The slide is heavily dependent on BTC price but at the moment it doesn't look like XVG wont drop past 430 satノート
XVG at the moment moving sideways with a downward trend.ノート
Closing this as my TA has failed in the timeframe I expected.
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