Cup and Handle target = 0.042$ Fib extension first target = 0.042$ Xvg might go all the way to 0.046$ also to retest resistance at 0.046$ before retracing and retesting support at 0.0385$
Bitcoin is repeating the same correction pattern which was observed during wave 2 of elliot impulse wave. Wave 1 : Dec 2018 - June 2019 ( Increase : 4X) Correction Wave 2 : July 2019 - Feb 2020 Wave 3 : March 2020 - April 2021 (Increase : 16X) Expected Correction Wave 4 : May 2021 - December 2021 Expected Wave 5 : Jan 2022 - Oct 2022 (Increase expected : 14x )
XVG have finished wave 4 correction for broader 5 wave correction. XVG will start its wave 5 which have potential to reach 0.185$ before July. Bitcoin bulls are currently showing sign of strength against bears which will drive this rally for XVG in coming 2 months. For traders : Sell : 0.056$ Buy : 0.046$ Sell : 0.086$ Buy : 0.066$ Sell : 0.185$ Buy : 0.091$