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
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