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TobiasSombrowski
29 พฤษภา 2021 เวลา 11 นาฬิกา 44 นาที

Altcoin death scenario for 2024 - XVGUSD 

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Hello guys,

is there anything which would make this count invalid?


- I mean, we all know that most alts will die one day tragically, i assume it to be a silent slow death to have as much as possible people suffer from it... ?! Is this a possible scenario?


Thanks for your feedback, have a nice day!

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Still valid!

ความคิดเห็น

We might have reached (already) the bottom of the C-leg! Bullish targets could be, for the short term (6 month), as follows:
0.006 (soon)
0.012
0.022
0.036

if we break the top trend line, 0.06 is possible 'easily', but even old and new ATH levels are in reach. Anyhow, we have to keep in mind the lower trendline which is for the time being still a possible bearish target.

No financial advice!

ความคิดเห็น

Dragonfly Doji forming on the weekly, a few hours to confirm. OK, it is not as in the textbook, but it is not bad either.
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rav169
consolidating?
umutkirkoca1903
update ?
TobiasSombrowski
@umutkirkoca1903, This recent move to 0.01$ was nicely impulsive and may have marked the price trend shift. A breakout needs momentum, we want to see a bullish diVERGEnce with indicators like RSI. This can either take years -> 2029 or we could see an unexpected impulsive move, if, for example, some powerful C&H forms on the daily / weekly time frame. The whole correction since 2018 might play out as a classical triangle (ABCDE) pattern which reaches its breakout point or apex somewhere around 2026 to 2028. A measured move to the upside would be the most probable scenario a trader would expect. - This is not a trading advice.
ath1906
now are you bullish on xvg? and btw, the pink line you drew on the chart is random or some sort of calculated or algorithmic wave. it bounced and rejected of the pink like.
TobiasSombrowski
@ath1906, not calculated. The impulsive wave (2016 to dec. 2017) revealed a lot of the corrective pattern to come. While the corrective pattern forms out, the following possibilities narrow down closer. From some point on, in this case, when wave 'B' was printed on the chart and started to correct in a very impulsive way, wave 'C' was pretty clear. Little bit confirmation by the indicators and i was convinced that it has to be somewhat the way i have drawn the pink line. Basically a rule of thumb: Look to the left, the chart reveals a lot by itself.
gigabyte3d
Any updates ?
innocentLion96661
Could we get an update please?
ath1906
still target c valid? i see that accumulation is strong and could turn bullish any time. or?
TobiasSombrowski
@athish19, honestly, i did not chart this since last update. There was no bullish expectation since. But yes, looks like we are in accumulation phase and the FIB 0.38 could be the ground. But, all values below would not be surprising. I see the highest likely hod for channeling with 2x gains and 2x losses for longer time. Using the XVGBTC pair, may 2025 could be interesting time, if the coin will survive since then.
astoinis
this is damn near perfect. it looks like you drew the path after it was made!
Sad but this coin is dead. maybe another scam pump after its finished with the decline up to like 1-2 cents
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