Voyager VGX - Downtrend is over! Impulse completed + Record VOL
Updated
- VGX is currently number #1 bullish altcoin on Tradingview Binance USDT list.
- We have a record volume at the end of the downtrend, which is a significant event.
- As per my Elliott wave analysis, this huge Impulse wave should be completed successfully.
- Now i expect a retracement at least to 0.382 FIB + previous swing low (for conservative traders).
- You can wait for a breakout above the yellow trendline for safe entry.
- Look at my ideas about interesting altcoins in the related section down below ↓
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Note
Zoomed in into the uptrend. As per my Elliott wave analysis on the 5 minute chart - the huge impulse wave 12345 has been completed and now I am expecting an ABC retracement, can go down to 0.618 FIB. Also we are below the main yellow trendline.After the retracement - there is a great chance for another huge impulse wave to the upside.
Note
As you can see, the price is printing a symmetrical triangle, and I have no idea which way the price is going to go. If you want to speculate on this coin, you should wait for a breakout above the trendline. Just make sure you use the LOG scale.
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