The current bull run does not seem to stop. Interest in XVG spurred by first the McAfee twitter message, then mention on Motley Fool among others, has IMHO attracted others, including more adventurous mainstream inventors, to this coin. Also, given the recent drop in BTC, that in my opinion will extend to approcimately 11000 USD...
The current price reversal is in my opinion premature, and the massively overbought market is in need of a real correction. 16000 seems to be a likely point where the current minor upwards movement will stop, based on prior reversal zones, and also the downtrend line. Corresponding to this, there is at the moment a sell wall at gdax at 16000. So far, a further...
Increased trading volumes, probably due to increased awareness. XVGBTC could turn out to be a real new years firework this year. I believe there needs to be some sideways trading for a little while before next leg upwards to around 1500 satoshi.
A correction is clearly needed at this point. I believe there will be a drop down to most likely 11000. While reversal at higher levels could be possible, I think the last bull run has been absurd, and a significant drop at this time should surprise noone. Next target after a reversal should be 25K+
There is a possible head and shoulders pattern in development, indicating a near-term drop from recent all time high to the 4500-4800 area. Also RSI divergence present. I believe the most likely subsequent development is an increase to around 7500-8000 USD
Dogecoin (wow, such crypto): DFXQhawAjqLzNjN9YQUBBPm4nmU7UDZ7AC
After the recent ATH, a short-term pullback appears likely. RSI is now falling. The price will probably fall to around the 4800 area, where support would be expected. This also seems to line up nicely with the 0.618 Fib retracement from the last rally from 2900 to 6100, and would be consistent with the price touching the Ichimoku cloud where a bounce would be expected.
I believe ethereum now may be due for a huge correction. RSI is massively oversold on the 4hr and 1d Charts, and every previous instance of RSI in the current range has been followed by a correction. We are Close to previous ATH, and I would expect a lot of People to take their profits now. The current (and Third) rally does not seem to be driven by the same...
Trend channel visible on 4hr chart, now in upper part of channel. RSI in the overbought area. I think LTC may be ready to drop soon, possibly all the way down to 50, and then bounce up, between current levels and 70USD.