XVG breakout possible March 9-10th
Newbie here, but after observing a falling wedge formation and other indicators lining up I believe a breakout UPWARDS is possible.
Not entirely sure how big of an upswing we're looking at here, just thought I'd share my thoughts for if/when a breakout could POSSIBLY occur.
Thanks for viewing, and please share your thoughts with me as well! Cheers :)
Newbie here, but after observing a falling wedge formation and other indicators lining up I believe a breakout UPWARDS is possible.
Not entirely sure how big of an upswing we're looking at here, just thought I'd share my thoughts for if/when a breakout could POSSIBLY occur.
Thanks for viewing, and please share your thoughts with me as well! Cheers :)
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Just realized that I should've probably drawn this wedge since the ATH at 1970 sats, but I'm still hoping for some sort of action out of this triangle on the 9th or 10th.
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.786 Fib is actually at 460 satoshi with the FULL falling wedge from 1970 ATH.
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It has bounced off the .786 at 460 sats. Let's hope this holds and that a further retracement is out the question.
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Support broken. Next area of key support would be in the 350 sat range if we're continuing this downtrend.