The question we all want to know is, will it ever break its ATH? What do you say, will we go all the way up and beyond?
Looking at the weekly chart above, it's not bad at all if we analyze where we came from several months ago. Something I learned is that when I see a similar chart with so many months of accumulation and in a downtrend, the next thing is to explode upwards.
Let's zoom in on XVG's weekly chart:
... Not bad at all! 👍
Golden Cross (SMA)
Just look at how much longer it will take for a Golden Cross to occur between the 50-period (fuchsia) and 200-period (green) SMAs (MA) on the daily chart. If it's still a while away, then you can rest assured that you still have time to enter SPOT and wait for the rise while drinking some cold beers! 🍺🍺 😎
* For example, this happens after a Golden Cross. Let's look at Ethereum (ETH):
This was happening on ETH a few days ago:
As you can see, the simple moving averages (SMA) on the daily chart have not crossed yet. This means that you still have time to buy on the spot and accumulate before the big madness begins... but time is running out, so make a decision! 😊🙏
🔔 Good luck with your trading! 💰💰💰
