XVG
I know, I know - you don't want to hear about buying right now - but hear me out....
Whilst the market bled XVG quietly closed outside of this rectangle to achieve a break out.
Now it didn't finish above the wicks at 1c so for sure this is still in risky territory - but think about this.
BTC.D is now at 59% after another small decline - IF we were to get a bounce from these levels in the broader market there is a case for XVG holding this break out and hitting its extensions.
If BTC.D continues down we should see alt out performance which should favour the already strong - which in this moment XVG can be classed as one of them.
Target of the rectangle break out is at 1.2c followed by stiff multi year downtrend at 1.6c approx.
Above there is blue skies. Just a thought.
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