Sobering reality for all you $XVG Perma-bulls (still GREAT news)Remember: You heard it here first. When every single other person on TV was shouting ATH! RIGHT! NOW!
Suffice to say, if this is truly the course, what a big chance for us to maximize our bags here before blastoff 2.0.
As you can see, mid-Dec was a nearly identical formation that shot up after a desc scallop getting rejected at .382 leading to a 2nd baseline support touchdown.
Now, look at our current setup.
Desc scallop with a Stoch RSI capping/crossover, possible Ichi crossover & bbands turning in - all right as we are approaching .382, again.
This is one reason why I believe we will get rejected at .382 (just like blast off 1.0 did too). However, we could still hit ~1k sats before that. Even a run to .5 or .618 would set up an even more bearish plummet to 2nd baseline touchdown, imo.
Target of 399-571 , which would be a SUPER healthy touchdown before 18,000 sats and/or $1.50-$2 by August.
I've already executed my sell & plan to go all in on target.
Cheers! GL out there!
$xvg #xvg #vergefam #verge