Now following this symmetrical triangle chart you can see that we touch the bottom of the triangle at 66 sats and we are moving up probably towards the 160 mark but we are inside a bullish flag also visible on the chart so if the price breaks bellow the flag then we will go down to 75-80 to touch the triangle bottom line and initiate again the climb to probably 150 since this last 133 high was caused by a hype of a suppose Wraith protocol release miss understood and not a demand/offer grown so the coin might need to correct back to where the hype started then move up from there. Then once we touch the 150 mark and complete the fourth lowest high we will see another correction to probably 85-90 and that will be the last bottom since we will be at the edge of the triangle so from there we will move up and breakout of the triangle (90% of the times upwards) will happen at around 140-135 and considering that in this situations the target once breakout is equal to the difference between the highest high and the lowest low, the highest was 244 the lowest was 6 sats so 246 minus 6 sats equals 240sats. Now if we breakout at 135-140 you adding to that 240 sats we get a target of 375 to 380 sats by December. This is my vision, Thank you everyone.
Trade closed: target reached
⋅
Support zone reached 80sat , good entry price.
Trade active
⋅
consolidating now to go upwards towards 150
Trade active
⋅
Down wave completed, we hit 62 and had a nice consolidation at 63 heading up now towards the top of the triangle , target 140-150
Hello, I admire your chart, but XVG price today's reached 72 sats. I wouldn't take this as a good sign. On Twitter many insist even on single digit sats soon.
vitaminas
⋅
@cryptoniac90, reach 62 sats completed the wave and the downtrend. made a nice consolidation at 63 and reverse trend started, building now next wave to 140-150, single digit will never happen but panic sellers and unexperient people that cant even read a chart like to FUD, buy now and thank me in a few days. Have a great day