I think this is a good buy opportunity for XVG. With BTC almost at its (projected) bottom and XVG is it's descending rectangle within the triangle i think we can say this one is bullish. I have my buy order at 650sats. Short term target: 1000sat. But only if BTC stops falling below 9K usd.
Possible scenario in case wave 5 was already done in the previous 'moon', we are now talking about a correction. Bounced nicely of the support so we're good. If i'm right: we will hit target of around 36k sat around may. Short term: 10-11k in next week or so. Just an idea, but could be a good one. Other scenario's are thinkable ofcourse, but in all scenarios:...
No need to panick. Last sell-off from profit takers. We bounced nicely from previous resistance so is now support. If nothing really strange happens: 11k sats tomorrow. 5th wave started now.
Consolidating traingle almost complete.. expect a few days of hovering on or just above the support-line before taking another shot at the resistance. Volume needs to go up for the break-out to occur, but charts are looking good.
Has a good bounce of the triangle supportline and resistance.. Makes 1 or 2 more small waves before the boom to at least 2000 sat. Just my idea. Any thoughts?
