XVG/USD Medium Term Technical Analysis Feb 16, 2018

in #cryptocurrency7 years ago

Medium Term analysis
XVG/USD 4hr chart:

Target for 3rd wave has been hit and price continues to bounce of upper trend line.

An alternative way to look at the 3rd wave is below:

Coming into a wedge at the moment. In the next few hours we can determine if the tend will break out upwards or drop back to the 4th portion of the Elliot wave.