XVG on its way back to 1000 sats, get ready for the bull run
Hello traders,
After a long hiatus, XVG is ready to get back into the field. This first wave looks to be like a rising wedge which should be followed by a corrective wave of 61.8% to 78.6% retracement. Take some quick and easy profits here and wait for the monster third wave that follows the second wave.
Target: 1000 sats
Invalidated below 814. Happy trading and stay safe!
*For education purpose only. Not a recommendation of buy, sell, or hold*
Kinashi-San
After a long hiatus, XVG is ready to get back into the field. This first wave looks to be like a rising wedge which should be followed by a corrective wave of 61.8% to 78.6% retracement. Take some quick and easy profits here and wait for the monster third wave that follows the second wave.
Target: 1000 sats
Invalidated below 814. Happy trading and stay safe!
*For education purpose only. Not a recommendation of buy, sell, or hold*
Kinashi-San
Comment:
Found support again at 800 satoshis. Since none of the candles in wave 4 closed below wave 1's close, our wave count is still valid. Most likely will head north when the RSI resistance breaks
