The XVG/USD price has gone full circle since December like many of the other alts. The daily chart looks quite ugly honestly. I decided to just do a short term chart analysis for the time being.
Below you can see a decent short term uptrend has formed. I am being very cautious on any bullish movement though and right now I would only buy at the bottom of the channel. The price currently is below where the price was on the two volume spikes which I circled. That usually isn't a good sign and I would like to see more movement above the orange line.
Give me a follow, upvote, and comment if you find any of this informative. I would love to hear bullish and bearish perspectives. Also, please don't make any trading decisions based on my opinions.
look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @richh1! You received a personal award!
Click here to view your Board
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @richh1! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit