Looks like the flat ABCDE correction is over having retraced to the .236 fib level, and the up trend has started after bouncing off trend line support (and ignoring the unusual price movement caused by the BTC short squeeze). Looking for another series of impulse waves up to around 1650 to coincide with 17th announcement. If we break upper trend line support, next...
The blue arrows represent touches on the upper trend line which was established from the point the crowd fund and partnership were announced. No decisive breaches yet but look for an increase in the number and frequency of trend-line touches from 1400 sats onwards. A decisive and clear breach with volume would indicate we’re going considerably higher.
The blue arrows represent touches on the upper trend line which was established from the point the crowd fund and partnership were announced. No decisive breaches yet but look for an increase in the number and frequency of trend-line touches from 1400 sats onwards. A decisive and clear breach with volume would indicate we’re going considerably higher.
The blue arrows represent touches on the upper trend line which was established from the point the crowd fund and partnership were announced. No decisive breaches yet but look for an increase in the number and frequencies of touches from 1400 sats onwards. A decisive breach with volume would indicate we’re going considerably higher.
If you are trading in and out of XVG to increase your stack ahead of the big announcement on the 17th, then hopefully these entry/exit targets are helpful. Good luck and DYOR!
Following completion of sub wave 3, here are my revised targets for the full 5 wave structure before we enter into another abc correction. First target of 1095 (or just short of) still stands. (Please DYOR)
The last abc correction is now complete following a perfect 0.5 fib retrace. The 55EMA has acted as good support and XVG looks and feels bullish still. 1st target shown assumes a 1:1 fib extension. Let’s see how this pans out...