Big Picture Zoom out : Weekly time frame
BB Mid Channel breached (Wait for weekly candle closed. If we lose it, Exit Game)
RSI Major key level = 56 (Expect a reaction here. If not ? Exit Game)
Bearish scenario :
Bearish divergence (Price Higher high & RSI Lower high)
BTC dominance danger zone 40% to 30% (End of Alt season) ...
Based on EW and Fib stat wave 3, ends up usually (45% of the time) between 161.8% and 175.0% of wave 1 lenght.
Target 1050 - 1100 sat.
EW/Fib stat :
Wave 2 (Retracement of Wave 1 length)
Probability : 15% Fib zone : 23.6% to 38.2%
Probability : 30% Fib zone : 38.2% to 50.0%
Probability : 40% Fib zone : 61.8% to 78.0%
Probability : 15% Fib zone : 78.0% to...
Cup and handle is a continuation pattern.
If XVG stay in the trend line i expect that it will reach around 800 sat in 12 days.
You can buy in and place a stop loss under the trend line.
I also expect a correction before the announcement. (Buy the rumor, sell the news)
XVG will enter in ABC EW phase correction (Fib 5, 6 or 7). Or XVG will shoot up if its "crypto...