The breakout point for XVG is quickly approaching. Using the symmetrical triangle charting method, we see an influx of pressure for XVG in the next week and a half. Huge market support for XVG under 1100, Wraith protocol release + moving trust back into the technology backing to coin gives me a 90% confidence interval that we will be moving into a bullish breakout point. I suggest trying to buy on the low end of the triangle and setting your stop loss under the bearish breaking point.
@retiringsoon1, Yes I am calling a rise to 1500-1600sats then consolidation point, 1900-2000sats then another consolidation point and ending at 2400-2500sats. This fits the model that this next surge can be classified as Wave 5 of the Elliott's Wave Theory, but will contain a smaller Elliot's Wave of 1,2,3,4,5 before retracting back to A,B,C.
darkandblue
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@hindog, i think we have completed an initial 1-5 waves and we are at the end of abc correction. If so the target can be much higher.
hindog
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@retiringsoon1, remember that smaller elliott's waves make larger ones. Wave 5 on the large scale will have all of waves 1-5 (hence the consolidation points to make up for 2,4!)