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Is the end near for XVG?

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BINANCE:XVGETH   Verge / Ethereum
Possible bounce coming up for XVG at .786 Fib line. Expect it to go lower and maybe bounce off of it.

If it breaks below this line we are probably going all the way back down to our initial starting point last month.

Possible Elliot wave formation going here but please be careful.

Short till .786 is hit, long after.
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