SUMMARY
Sorry, I left out the xvg/btc pair chart and analysis! So, the below chart shows a prominent cup & handle pattern that was executed with a surge of price out of the handle formation. The "Hurry Up & Wait" syndrome is not escapable by any altcoin! Sure enough, XVG/BTC started correcting and boy has it taken its time!
The combination of Chart Pattern Recognition and Elliott Waves is a powerful algorithm to identify the most probable price pathway! The pattern shown is a symmetrical triangle of the a,b,c,d,e type. The waves a,b and c are complete and that leaves an upward push towards the upper white line to complete the wave d and then one more smaller down for the e wave. This way, the correction would be complete. Then an impulse set of waves woudl carry XVG/BTC to all time new highs at 0.00000313 BTC or 372% Profit Potential from current levels.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**