Patience...XVG

תמונת-בזק
Daily
Looking at our trend timeframe we can see price has recently been rejected @ 0.00001300, and has since then remained bearish. Currently testing support @ 0.00000770. Looking for a daily close above 0.00000850 before taking any long positions. Stochastic RSI showing momentum is slowing down.

תמונת-בזק
4Hour
Shifting over to our pattern timeframe we can see price is currently testing our trendline. Possible break towards 0.00000550 if trend does not hold. A break and close above 0.00000810 could lead to a higher high. However a break and close below our trend leads to another leg in the bearish wave.

תמונת-בזק
Hourly
Lastly looking at our trigger timeframe we can see a descending triangle has formed.
Expecting a breakout soon, a break towards the upside activates a long trade. A breakdown and we wait till we find support @ 0.00000550
Chart PatternscryptoCryptocurrencynakedtradingpriceactionTrend Analysis