All alts are looking pretty good since BTC is picking up bullish momentum again.
XVGBTC here on the 4hr scale shows clear regular bullish divergence on the 4-hr in compliance with the RSI, which has also touched the 30 level (oversold) on the daily RSI since its big rally in mid March '18.
Additionally, current price movement downwards finds itself in a descending wedge pattern, that can be seen as a reversal pattern once it breaks out to the upside.
The red dotted line below is a long-term support level that has been breached briefly, where it is currently hovering under. To avoid possible losses, please open position once it breaks out the pattern and goes above this support line.
Short term target: 930 sats
- Not financial advice -
Good luck trading, and make sure to use a stop loss!
Maurits
XVGBTC here on the 4hr scale shows clear regular bullish divergence on the 4-hr in compliance with the RSI, which has also touched the 30 level (oversold) on the daily RSI since its big rally in mid March '18.
Additionally, current price movement downwards finds itself in a descending wedge pattern, that can be seen as a reversal pattern once it breaks out to the upside.
The red dotted line below is a long-term support level that has been breached briefly, where it is currently hovering under. To avoid possible losses, please open position once it breaks out the pattern and goes above this support line.
Short term target: 930 sats
- Not financial advice -
Good luck trading, and make sure to use a stop loss!
Maurits