XVC going up

7 ก.ย. 2017

Daliy chart shows the downtrend has ended, and we can expect it to go up in the next days. It has fallen below .786 fibonacci retracement level, which is a strong signal the downtrend has come to an end. Has been consolidating around that level for some days, and bounced upwards. It's just about to break out upwards out of the flag formation, which is also a strong bullish signal. According to fibonacci retracements the run-up should give about 300% profit. RSI is and MACD confirmed the end of the downtrend and started to rise, which is another bullish signal, but they are still low enough, to signal there's plenty of room for XVC to rise.