Many are waiting for a XVG breakout. BTC still in correction, I do not see BTC climbing up within the next 2-3 weeks and breaking the strong resistance, maybe still retesting Support ~ 8000 or lower. XVG pretty much, as most Altcoins, waits for the correction to be over. The little Circle shows the potential when BTC climbs up, XVG reacts simultaneously. When BTC little run to ~9247, XVG went up a bit too, no surprise in that.
You see a beautiful elliott wave with an ABC correction, I suppose the rise of XVG is just a matter or time. News of XVG aren't too exciting, on the other side XVG hadn't the chance to break out within the last weeks. Volume is low, support around 550 is strong, MACD doesn't show any strong reaction up within the next days or weeks. RSI around ~30 (12h chart), oversold and that's a good sign. Price of XVG around 600 today. I see XVG going up to 1 US Dollar till September. The concept is good, whitepaper and team looks promising as the project itself.
You see a beautiful elliott wave with an ABC correction, I suppose the rise of XVG is just a matter or time. News of XVG aren't too exciting, on the other side XVG hadn't the chance to break out within the last weeks. Volume is low, support around 550 is strong, MACD doesn't show any strong reaction up within the next days or weeks. RSI around ~30 (12h chart), oversold and that's a good sign. Price of XVG around 600 today. I see XVG going up to 1 US Dollar till September. The concept is good, whitepaper and team looks promising as the project itself.
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This chart is not good, after all the work i did last days i have to admit this one. XVG going up in few weeks/months, need to take a better look at it, but this chart just hurts my eyes right now..