XVG is sitting on support of the Bottom of Square just above the 38.20% fib, the candles are trapped under the Gann 2x1 fib ray - If the price manages to stay sideways it is possible for the candles to reach the 38.20% fib and rejoin the red 2x2 fib ray - The volume is low, if the price drops more the candles will find first support on the 2x2 fib ray or failing...
The price need to hold the blue 1x1 and get above the yellow band and past resistance at the arc pair - Breaking the 1x1 would be bearish - Mac D looks promising but the Volume is weak and the candles are beneath the cloud
Here's the make or break point - The candles have held the ascending support of the 1x1 fib ray several times and are now being crushed under the resistance of the 3rd Arc Pair - At this point if the support breaks the candles will continue down inside the 3rd Arc Pair - If the support holds the price will break upwards thru this arc and hit the 4th Arc Pair and...
Heres the facts - Re-Buy below 3000 satoshis
Next corrective phase coming for BCC - Re-Buy at the blue bands
BTC price has managed to regain support on the 1x1 Fib Ray marked by the yellow band on both the weekly and daily candles - In Gann charting - if the candles are above the 1x1 it is considered Bullish - if the candles are below the 1x1 it is considered Bearish - Currently things look good for BTC lets see if the 1x1 holds
There are mixed indicators, I could chart this another way and it looks like its coming down - However....on the lower 240 chart the candles should hit the arc on the blue band and climb up it - Resistance on the yellow bands - The market sentiment is currently weak and untrusting, definitely a time to have stop losses set
BTC 1.51% has bounced from the long term trend - Currently sitting on the 2x1 Fib Ray - It could hold and the price progress upwards as it comes thru the arc - Alternatively if the 2x1 breaks then the arc could contain the candles back down to the red 2x2 beneath at around $10K
What it says on the tin
VTC is very close to hitting the support line master trend against USD - A further drop of 10%-15% is possible but then the low will be in - The price could continue sideways before breaking out depending on the strength of BTC
Just what it says on the tin - Congratulate yourselves on a good call *) Note : Da HongFei the Chief Executive Officer of Neo has stated that due to the finite supply of Gas and the high charges that will be levied on companies using the Neo blockchain, Gas will eventually be 2 or 3 times the price of Neo
Long term/short term running charts for reference
On support of the 2x1 fib ray and close to leaving the resistance of the Arc - As long as Btc stays weak XLM should make it to the 1x1 fib ray
Eng candles need to return to the ascending support of the 1x1 fib ray before pushing up again
Pushing thru the Arcs - Mac D crossing upwards - RSI pointing up - +50%
This is the Gann equivalent of a bull pennant - Rising support and crushing up against resistance at the arc - Breakout imminent - Targets on the arcs, support on the blue 1x1 fib ray
Its not until January, but when it happens it will be huge
Dash seems to be on infinite fib - The price will bang about in the shaded box for some days, then go up - Then Dash will get added to Coinbase, the Coinbase herd will stampede to buy it and Dash will rEaLLy go up - If you had told me 6 months ago I'd be drawing charts like this I would have laughed