XVG: Broken Downtrend Line

We are out of the downtrend line in an impulsive move. This can be title as a wave 1 and now we can start looking for wave 2 as a point of entry. Wave 2 can be between 945-1000 Sat. The end target is to retest ATH at 2k sat. We should see this fairly soon, as the previous run was only wave 3. We still have wave 5 to go. That will put XVG above 2k sat. What are your thoughts?

Trade with care.