This is what i can see in my chart, i am not a pro TA maker so take everything you see here with a grain of salt.... actually a lot of salt. also this chart points towards some patterns which need still to be completed,confirmed and supports that will need to hold. Any suggestion or correction will be very welcome.
D1 MACD has crossed, RSI seems to need a bit of retrace, about -15% to -17% from today's price to start the uptrend, also might test the lower triangle support again before bouncing, but it NEEDS TO HOLD
Targets are:
$ 0.137 around early june to test the head and shoulder neckline and prior the Amsterdaam meeting, a correction will follow most likely after that
$ 0.27 to $ 0.33 complete the third wave (might be longer)
$ 0.50 to complete the 5th wave, then these 5 waves will become the first wave of the bigger picture, also this represent perfectly the head and shoulder target (which needs to be completed)
After the correction for the third wave i can see XVG around $2/3 anytime around July-September
NOTE: The red longer elliot waves are off to the right to avoid having too much stuff overlapped, i can see however a $8-10 target before end of 2018 if the actual bullish trend remain.
D1 MACD has crossed, RSI seems to need a bit of retrace, about -15% to -17% from today's price to start the uptrend, also might test the lower triangle support again before bouncing, but it NEEDS TO HOLD
Targets are:
$ 0.137 around early june to test the head and shoulder neckline and prior the Amsterdaam meeting, a correction will follow most likely after that
$ 0.27 to $ 0.33 complete the third wave (might be longer)
$ 0.50 to complete the 5th wave, then these 5 waves will become the first wave of the bigger picture, also this represent perfectly the head and shoulder target (which needs to be completed)
After the correction for the third wave i can see XVG around $2/3 anytime around July-September
NOTE: The red longer elliot waves are off to the right to avoid having too much stuff overlapped, i can see however a $8-10 target before end of 2018 if the actual bullish trend remain.
Comment:
STOC RSI crossed not MACD
Comment:
Some lines on the short therm are a bit off because they are not made in LOG scale