XVG Update

In my last post on $BINANCE:XVGBTC you'll see that I said the 55 ema will act as resistance which it has. It's important to note that the 55 ema is very reactive acting as support and resistance. The wick of the current red candle touched the 8 and 21 ema which is a good sign of support. These ema's however are not as powerful as the 55 and 200 ema but because they are in the same spot, they are working as a stronger support. Approximately 12 hours ago was the start of another bull run for btc. It's important to understand when btc makes a run $BINANCE:XVGBTC along with other altcoins go down. This isn't the case with every altcoin but we've this happen often between the two. We need to stay above our current ema's if want to see higher price action. I have drawn blue arrows to indicate potential price movement. We will most likely see resistance again when we reach the 55 ema. If we manage to get above the 55 ema then my next sell target will be at 617sats. The current chart I have is the 4 hour chart, however if you look at the 1 hour chart you'll see that the 200 ema lines up with the 55 ema on our 4 hour chart. This confirms resistance at that level. You will also notice that the 55 ema on the 1 hour chart, is in the same place as our 4 hour 8 and 21 ema. That confirms stronger support. I encourage everyone to look at the 1 hour chart themselves to see what I'm talking about.