The purple support line was the anticipated pattern of XVG.. As discussed in a previous announcement we were waiting for price to come down, and show signs of a BOUNCE.
Price did not bounce, and has proceeded to blow beneath expected support.. I have drawn another support line that would still be a valid pattern.
This gives us a target near 400 sats, and we will see what happens as we approach. If price shoves signs of a strong reversal before then, we may consider a different option.
Recommendation: Hurry up and wait.
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Disclaimer:
None of this is to be considered financial advice, please DYOR as we do not take responsibility for the results of your actions. All information is merely to see what the voodoo traders do with their own money.