VGX/BQX is formerly ETHOS. As of December 2019, Voyager Digital, a publicly traded crypto broker platform, bought out ETHOS and now this coin is ready to experience a rise that I believe will outperform 90% of all crypto assets over the next year or two. The coin has interest utility for those who hold it on the app and they have just announced, as of yesterday, to expect an added utility feature over the next week or so. All coins are in circulation and total market cap currently around $25m.
Anyways, this was just a quick idea I put together of how I see the short term playing out to resume into uptrend. It has broken out of the downtrend from its initial highs and perfectly back tested. Retraced to the .236 Fib as I would expect after seeing such a drastic rise in price. Pierced the .382 fib when breaking out of the downtrend. I expect one more rejection off of the .382 and then a significant bounce of off the uptrend line from early July. This all depends on volume however. There has been a recent uptick from almost only about 5 btc on Binance several days ago to now over 13. I'd expect a sharp increase once we reach the .382 again.
Anyways, this was just a quick idea I put together of how I see the short term playing out to resume into uptrend. It has broken out of the downtrend from its initial highs and perfectly back tested. Retraced to the .236 Fib as I would expect after seeing such a drastic rise in price. Pierced the .382 fib when breaking out of the downtrend. I expect one more rejection off of the .382 and then a significant bounce of off the uptrend line from early July. This all depends on volume however. There has been a recent uptick from almost only about 5 btc on Binance several days ago to now over 13. I'd expect a sharp increase once we reach the .382 again.
Comment:
If we do reach the .382 with sharp volume increase it is very possible we may not see a rejection.