RSI retesting the resistance in days chart. MA 100 is lingering around on 3 days chart. One more touch is expected to MA 100 to give potential push to 50k. Dump to 33 k is expected. 3 days candle closing today. A quick dump might happen before green week ahead.
Bitcoin is repeating the same correction pattern which was observed during wave 2 of elliot impulse wave.
Wave 1 : Dec 2018 - June 2019 ( Increase : 4X)
Correction Wave 2 : July 2019 - Feb 2020
Wave 3 : March 2020 - April 2021 (Increase : 16X)
Expected Correction Wave 4 : May 2021 - December 2021
Expected Wave 5 : Jan 2022 - Oct 2022 (Increase expected : 14x )
XVG have finished wave 4 correction for broader 5 wave correction. XVG will start its wave 5 which have potential to reach 0.185$ before July. Bitcoin bulls are currently showing sign of strength against bears which will drive this rally for XVG in coming 2 months.
For traders :
Sell : 0.056$
Buy : 0.046$
Sell : 0.086$
Buy : 0.066$
Sell : 0.185$
Buy : 0.091$