I don't believe in support and resistance technique:) But, yes it can drop to 0.043 e.i. 88.6% fibo retrace! Theoretically it can drop to .015/.02.. as well and it such scenario this move up was the end of very extended (X) wave and a plunge would be (Z) wave with new low! As I didn't see such structure in any crypto so far, I believe it will soar.
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Okay thank you, its interesting how many analysts use such varying methods. I am still learning myself. To be honest I would love it to drop first, as I sold out at the last high (did well) and trying to pick a re-entry point. Do agree with you that at some point it will soar, now or later is the question...
What do you see longer term also for XVG?
I think it will hit historic top! What's next, nobody can tell :)
Just want another sizeable dip first! Because I like it long term and think it will become a quite valuable coin..