$XVG - 🔥 SPOT Opportunity 🔥

As I mentioned, it's important to pay attention to moving average crosses. In this example, we will look at simple moving average (SMA) crosses on a daily and weekly level.

1. Golden Cross on Daily Level

In the chart, we can see that the price played around at the golden cross between the 50-period SMA (fuchsia) and the 200-period SMA (green), it should have shown a bounce but nothing happened. However, before the next golden cross between the 100-period SMA (purple) and the 200-period SMA (green) occurred, many people noticed the beginning of this cross and started buying. That's why we see that bullish candle of almost 70% in a span of 3 hours. (See daily chart)

2. Golden Cross on Weekly Level

Well, XVG in this cross does not have a reference 200-period SMA (green) due to insufficient historical data available on the Binance platform. We can still use the remaining moving averages for our analysis, and what do we see: the 21-period SMA (yellow) wanting to cross above the 50-period SMA (fuchsia) and the price rising with a lot of strength, as investors know that the moment to enter is before the cross occurs. (See weekly chart)

3. Harmony of Bullish Moving Averages

It is when the moving averages accompany an upward trend WITHOUT crossing, traveling one above the other in the following order starting from the top: 21, 50, 100, and 200 periods. When this happens, on a daily level we are in an upward trend that can last several weeks, and if we see this harmony on a weekly timeframe, it is an indication of a more prolonged upward trend that can last for months: just as is about to happen at this moment in December 2024, a month in which everyone should be bought in SPOT and relaxed... watching their wealth grow week by week and enjoying some cold beers! 🍺🍺

Without further ado...

Best regards and success in your trades! 😔🙏