SUMMARY
On March 10th, I had posted the below analysis of Verge (XVG/USD). It was a complex Elliott Wave sequence of wxyxz. The subwaves of the final Z was projected to be $0.024 and the low was $0.023....not too shabby! Since then, Verge had surged to as high as $0.117. Ladies and Gents; that's a 408% PROFIT!!
Can Verge (XVG) revisit the prior highs? I believe there is a strong probable pathway for that to happen. Let me explain using the below chart. The contours currently can be drawn to show a rounded price formation that is taking place (white arrow). The Elliott Waves are also jiving well with this (blue) and so far waves 1 is complete and 2 is still in progress but should complete soon. Waves 3 and 4 should together form the "handle" portion of the Cup & Handle pattern. Wave 5 sould then rocket further to $0.271 or likely higher. Check out the MACD...it's coiled and incrementally approaching the apex closer and closer and ready to explode!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Who downvotes this comment can kiss my ass 😂😂
XVG is on the move!....:)...
So those are the types of profit you are talking about ;)
lol. Or 3 tails...
There is 2 scenarios for verge.
My first scenario about verge is it can go down to area of 600sats.
Second Scenario
target for this scenario is around 1320 sats.But it need to go down to 770-780sats "wave2"
XVG seems to making all the right moves in the crypto market in regards to adoption of crypto payments . Pornhub partnership , Token payments and the listing on Bitfinex and Abra being the cherry on the cake.
It's just the beginning.
nice information. thank @haejin.
Very good information thanks for share..
@haejin ... you did not kaboom after your papa fractal bullish call/TA... when it went down by 80% .... :D
I had 40% of my portfolio in Verge during the correction so I got hammered, luckily this blew out of the gate first I was able to triple my portfolio and then take profits into EOS, SBD, BTS, XLM, TRX, XRP, out of which I've profited more-so.
Coins mentioned in post: