XVG Analysis with Partnership Announcement
Hey all,
I have just done an update to suggest a new break out point 24hrs later than my previous one. Also note the patterns I have highlighted for the month of April (and a bit of March).
If the pattern continues we should see the smaller pennant occur right before the announcement however reality will probably over ride this with FOMO kicking in and volumes going through the roof, both those bulls buying and bears dumping, I get the feeling these may cancel each other out and the price may remain steady.
Either way beyond this the pattern will change due to the XVG partner announcement. I am not confident to say what will happen, perhaps it can go either way, again bears and bulls may hold the price steady as the bears hope to short and the bulls want to jump on the ride. It's going to be exciting no matter what.
Feel free to comment :)
Andrew.
I have just done an update to suggest a new break out point 24hrs later than my previous one. Also note the patterns I have highlighted for the month of April (and a bit of March).
If the pattern continues we should see the smaller pennant occur right before the announcement however reality will probably over ride this with FOMO kicking in and volumes going through the roof, both those bulls buying and bears dumping, I get the feeling these may cancel each other out and the price may remain steady.
Either way beyond this the pattern will change due to the XVG partner announcement. I am not confident to say what will happen, perhaps it can go either way, again bears and bulls may hold the price steady as the bears hope to short and the bulls want to jump on the ride. It's going to be exciting no matter what.
Feel free to comment :)
Andrew.
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