XVG is breaking out from its triangle, let's make sure it stays above 629 satoshi to confirm.
It'll need some sustained volumes at key resistance levels to continue the upward trend. As more investments flow into cryptocurrencies, XVG is one of the better picks for sustained growth since it has a decent all time high and is #29 on coinmarketcap.com in terms of volume and appears on 2018 watch lists. If the bullish crypto market continues, which at the time of writing seems likely, XVG could well be on its way to best the ATH and arrive at over 2400 satoshi in the coming months (assessment based on Elliott Wave fibonacci extension of its movement over the last months), providing a great many opportunities for profit.
As usual, this analysis is not intended as investment advice. Please trade solely on the basis of your own assessments.
It'll need some sustained volumes at key resistance levels to continue the upward trend. As more investments flow into cryptocurrencies, XVG is one of the better picks for sustained growth since it has a decent all time high and is #29 on coinmarketcap.com in terms of volume and appears on 2018 watch lists. If the bullish crypto market continues, which at the time of writing seems likely, XVG could well be on its way to best the ATH and arrive at over 2400 satoshi in the coming months (assessment based on Elliott Wave fibonacci extension of its movement over the last months), providing a great many opportunities for profit.
As usual, this analysis is not intended as investment advice. Please trade solely on the basis of your own assessments.
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XVG completed its first elliott wave @ 782 satoshi. Volumes so far are solid and sustained. Look for buy-ins at fibonacci retracement levels