richardwittekoek

XVG broke down from main channel

BITTREX:XVGBTC   Verge / Bitcoin
Verge broke the down from the main channel, following the correction like it should.
The question is: At which fib level will it go up again?
Normally the 0.6 range will do but since it's a pretty bull Elliott wave structure, I assume either 0.3 or 0.5 level, with 0.5 being the most likely one.

"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.