XVGBTC possible trend?

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XVGBTC possible trend?

2 scenario might play out. the pink one is more likely to happen.

if the pink playes out, the dotted arrow is an extended possiblity.

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ملاحظة

it seems purple line is where we are going.

MACD, RSI, WT Cross showing to green to buy.

if this correction is over, we are going for higher.

im keeping an eye on it.

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ملاحظة

It is a fake breakout. XVG is still in a corrective wave.

and it made a beautiful corrective A and B with A=B.

we are on wave C now.

after we finish corrective wave C, we will enter bull big wave 3.

I will update chart later.

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ملاحظة

we are now at the end of the pink arrow.

we will see if the pink dotted direction is the extension or not.

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ملاحظة

possible trend:

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ملاحظة

on the original post - it forms well going to the pink target 0.618 retracement.

when it goes up, it is forming cup and handle.

in the snapshot updated above, the target for wave 3 stays valid(similar area target can be predicted by the cup and handle)

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ملاحظة

finished pink arrow correction. bouncing back now.
it's gonna form handle then go up cup&handle