XVG potential Elliot wave forming

21 de jan. de 2018

Correction wave 2 dropped to exactly 50% of wave 1 (wave 2 by the books). There was breakout 5 hours ago due to announcement of hardfork, but got dumped back fast. I believe it will continue with organic growth towards 1550 SAT mark which is end of wave 3 at 1.618 of wave 1. That should be target 1 if you want to take profits there during wave 4 then you can. Or if you want risky play then sell around 1550 and buyback in wave 4 to sell close to end of wave 5, which can end up anywhere between 1850 and 2200. The timeframe of the drawing is not accurate and have not based it to follow the lines directly, but the targets should stand. Good luck!