XVG / BTC has probably (yet to be confirmed) finished its correction.
It is in a descending flag with a, b, c, d, e waves. All the waves are done and now we will most likely have a breakout. Either up (my scenario) or down. The RSI is moving up and the MACD is also crossing up.
Target areas are highlighted in light green.
Target #1 - 2400
Target #2 - 3500
Note: this is a 4 hour chart so not for day trading but more for short to medium trend analysis.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
