XVG already did a x2 when it did 42 -> 84 after the gigantic correction we had the past few months. The next part of the rally is filled with gaps and we haven't had a proper hike up to the current prices. We will test 100 sat first and then if it fails (which I think it will) there is absolutely nothing to hold until we fill the gaps around ~80 before going back into accumulation so we can have that sweet rally to new highs.
you are making a prediction based on a down due to BTC "crash" this is not the start of XVG downtrend its the same that happen few days ago when BTC crashed to 3000k nd XVG followed until 104 satoshis and imidiately recovered once BTC went up, so i would say that your prediction is wrong when you base it on a BTC crash meaning that this coin is not naturally going down but being influenced by BTC. you will never gonna see XVG at 80 satoshis unless btc crashes bellow 3k
@vitaminas, Good point, I do think BTC will crash below 3k in the upcoming weeks though and even I already had sold part of my XVG before the crash because I already had made this analysis for XVG a few days ago (sold at 170 sat). Obviously we need XVG 100 to go to 80 not to hold but I think it wont (and I am pretty sure we will retest 100). Just my 2 cents anyway thanks for taking the time and commenting :)
disarmm
⋅
i dont know who started this "rule" that you need to have volume at every level or it will drop back down to that level, no matter how high it gets, but this isn't going to happen. The price is following bitcoin and after all this nonsense is done on the 30th of september verge will continue to rise. You have no idea what they have in development and are making this prediction based on nothing but low volume around 100.
CryptoPoney
⋅
@disarmm, Thanks for the feedback, very helpful. What will happen on the 30th of september ?