To begin the run (white), we formed a nice symmetrical wedge to the upside, which during dropped approx. fifty-seven percent. During the second phase (red), we formed a nice descending triangle dropping approx. sixty-percent, then subsequently rising to the upside. During the third phase (orange)—I see this as more of a transitory lead up phase—and again as a descending formation, which shot us up over six-hundred percent for our highest increase yet. The decrease for the third phase was approx. fifty-five percent. I see similar formations with similar percent drops, and for our current fourth phase we have already dropped approx. fifty-two percent. I don’t see this thing going too far lower, if anything at all I see XYO dropping to approx. twenty-three to twenty-five cents. I’d like to note that the second and third phases, which are really just one phase, formed “squeezed/stretched” variations of each other, and that they both rose out of then retested their descending state before rising up. Thus, I feel that the likelihood of rising out of our current descending state is quite probable; although, anything is possible. I think the ten to twenty cent range isn’t too crazy for this thing right now, especially when I compare it along with my BTC analysis, which will be linked. The market really seems like it is about to bust in a good way right now. XYO has great fundamentals, use case and was recently listed on Coinbase… I don’t see why this won’t succeed. This whole rise we’ve experienced recently has seen us forming a massive 4 year long double bottom as well… fairly interesting.
Comment:
Just to note, the second or red phase is most similar to our current one, which was the sixty percent drop, but let’s hope we don’t go too lower.
