my analysis of XVG and where i believe it will be heading towards over the next 3-4 days.
Based on previous retracements, elliot wave theory projections and the wave count we should be seeing 81 satoshi's by 1st of December.
Expecting to see this "bottom out" or complete its ABC correction (@15min interval) around the 66-68 satoshi range. So at 67 satoshi we can expect an impulse UP to the ~ 71 satoshi level before it finally completes the ABC correction to a mark ~65 satoshi.
Once it reaches this final destination of ~65 satoshi's, and thus completing the correction (after recent impulse up to 73 satoshi) we can expect the next wave to reach as high as 81 satoshi's.
Feedback and comments are appreciated - if im wrong, please point it out so I can learn from your input.
Very bullish on XVG for LONG term hold, with a new cycle in the marketplace over the next 6-8 months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.