XVG possibilities
Updated
After a strong surge XVG/USD is hovering near the last peak and is mimicking BTC's pattern. It will be interesting to see how it reacts to BTC's next move.
I'll begin by stating the obvious: When Wraith is announced, XVG goes up. This isn't news to anyone. However, anything short of that will result in a price decline/hovering at stagnant levels. It may bounce off the trend line however I don't think it will. Unless something big is announced, it will reverse when it hits the 50MA and head back to the 800-1000 level where it will be a good place to reenter if it breaks the 1000 support wall.
Best wishes and hope everyone has a happy, prosperous and healthy new year.
I'll begin by stating the obvious: When Wraith is announced, XVG goes up. This isn't news to anyone. However, anything short of that will result in a price decline/hovering at stagnant levels. It may bounce off the trend line however I don't think it will. Unless something big is announced, it will reverse when it hits the 50MA and head back to the 800-1000 level where it will be a good place to reenter if it breaks the 1000 support wall.
Best wishes and hope everyone has a happy, prosperous and healthy new year.
Trade active
Hope some of you got a piece of Ripple. I sold most of it off so I can load up on some bargin priced XVG. Even at 1000, it'll be good for at least 10-30% in the next 24-36 hours. If the Wraith announcement is made I'll sit back and watch it go. I'd start buying in slowly right now as XVG is shadowing BTC's movements. LTC just hit the bottom of my trendline so I expect LTC and BTC to rise, therefore XVG should follow.
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