XVG/USD Medium Term Technical Analysis Feb 16, 2018
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.