What's up with XVG?!
Looking at the 4H chart XVG is really getting pushed to the limits here. Finally some troubling signs that I was looking for. XVG just formed what it looks like a bearish divergence. Even though the chart made a new higher high, the RSI is showing the same peak as a lower high. The buy pressure is decreasing fast. 
Also if I draw some trendlines, this clean channel is forming. This is definitely heading to the bottom of the channel but will it bounce back? I highly doubt it.
I am going to very careful about starting any new buys. I am going to continue to keep an eye on the chart. When the announcement happens (or perhaps a few days before), seemingly overbought XVG is going to drop like a rock.
Legal Disclaimer: I am not a financial advisor. None of the words, charts, jokes, and expressions written in this blog post should be read or interpreted as any form of financial or investment advice. It is purely for entertainment purpose only. This is my thoughts and opinions. I can be wrong. I have been wrong and I will be wrong many times in the future. This blog is for you to flame me how bad I am at this and call me out when I am wrong. It's for your entertainment ONLY.
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