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RE: VERGE (XVG) has a 2,100x Profit Potential!! Check out this Analysis!

in #bitcoin7 years ago

Hi Haejin, in the XVG/USD chart, I too originally had an Elliott a,b,c,d,e triangle. But then I checked the XVG/BTC and realised XVG impulsed, and was completing wave ii. As such, I decided XVG would NOT go to 'e' and my chart was incorrect. Instead, it is an a,b,c correction, and XVG had already broken out of its wedge. I believe it will go up Nov 1. I'll post some charts onto this write up for all to follow along.

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Screen Shot 2017-10-31 at 5.52.57 pm.png
XVG/BTC - XVG loves triangles and has already broken out!

They have just announced wraith protocol release date for 6th november too - hold on you your seat coz were about to blast off!

Screen Shot 2017-10-31 at 5.56.07 pm.png
XVG/USD - My updated TA. Yes, early to call a break out, but I am calling it, since the MACD has XVG turning around for more buyers, which aligns with the XVG/BTC entering wave iii.

Well Done

Thank you heajin. All from your amazing instructions.