XVG is it realy? i would say bottom is in for XVG , but i realy depends on how BTC is going to act. the symatrical triangle has more downside potential then upsite. lets see how it plays out
lets see how it turn out , depends on btc ofcourse if btc fails to hold support in next comming days i can see other alts follow btc.
Here is the chart with both MACD and Price showing a very similar pattern. Symmetrical triangles often represent a time phase of indecision. While travelling within the contracting lines, price needs to take direction. It would be interesting to see a higher low in MACD but a lower incremental low in price.
The left box cointains the correction from the $20k top to $5,900 which temorarily poked through the bottom triangle line. The right box contains the smaller fractal and the abcde markings show the same potential for price temporarily poke through the bottom support line of the triangle. The final subwave e is likely still in the works and could generate the...
we still have time , i give it end of march then we go !