XVG Projected Movements and Potentially Triple Gains

XVG's new moment patterns are outlined in the chart above. As you can see we haven't gone past the 0.786 fib retracement as of yet which means there is still potential growth. Most cryptos extend themselves 1/3rd into the 1.618 range which means we could be seeing potential highs of 3000 sat if xvg breaks free from the triangle depicted. Either way we can still get some gains off of xvg by buying now and waiting till it touches the top of the triangle as it is still following the upward green support trend leaving us at 1450. If you take note of the vertical fib sequence lines in black labeled 0 1 2 3 5 8 you will see that we are approaching the 5th increment leaving a possibility of an early breakout situation if the volumes support it. If not then we should see a bounce down to the support trend again then it should challenge the triangle's boundaries (another possible breakout situation). I will be selling if it dips below the green support trend as xvg is known to be disappointing at times. If this happens then we should be seeing horizontal movement out of the triangle cone as depicted in the chart.

Comment:

It'll be heading down to near the pink uptrend line; xvg's "support line" (green line) is more like a guiding support line that it likes to oscillate around.

Trade active:

Breakout?

Comment:

Waiting for xvg to form a flag, it is likely it could form a pennant. Very unlikely to go down at this point. Just a matter of time.