VERGE (XVG): Where is the Volume?

in #verge6 years ago

SUMMARY

Prior analysis showed the conditions of a breakout reversal. Reviewing the daily, bigger picture pattern of price activity thus far shows price has breached the upper line of the downward pointing symmetrical triangle. The abc is labeled as shown and this is NOT deviation from prior analysis. There are always multiple ways to label Elliott Waves and this is that case. Prior analysis had it as wxyxz complex label; and yet, the whole can be labeled as ABC within a newy drawn wedge pattern.

What's missing is the surge in volume that MUST accompany the breakout. This surge could arrive a bit later, especially if Bitcoin decides to reach near towards $9k or so. However, it is a bit concerning to not yet see the volume surge.

The abscence of a volume surge poses the potential for the below Head & Shoulders to become actionable. The volume surge will allow the preservation of the young uptrend and a higher high would be more ideal.

Legal Disclaimer: 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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Sort:  

Plain and simple...as Bitcoin goes, so will the alt-coins.

Volume is down to a trickle = it's about to explode with Volume!!!

Hopefully it goes up soon.

Why Crypto Investing is a Terrible Idea... Graphic Language and References Used... Do NOT read if you are under 18 https://steemit.com/bitcoin/@investingtips/why-cryptocurrency-investing-is-a-terrible-idea-warning-18-only-graphic-language-used

Every time someone recommends not to invest in Crypto, do the opposite.

And that is why you will be poor my friend, investing based on emotional ties to shit ideology that you do not even understand, rather than looking for unbiased truth. Hope you see the truth before it is too late my friend.

Where is the Volume?

Ask John McAfee.

What happen to image?
I need to see image because i can’t speak english well. That could be hard for me to understand😩

The blog post is getting downvoted by @hendrix22 who has been gunning to denigrate the blog with all he's got. Some are very strange indeed. I have upvoted the blog posts back to visibility with help of other upvotes.

Thanks bro!🤠👍🏻

At bottom of post, hit “show images” button.

Thanks bro! Now i can see it!🤠👍🏻

I can not see image due to low rating. What is happening.

thanks good post information

THank you for choosing Verge out of 10's of 100's coin to analysis.

Where do you get the energy to sit and write good contents like this? I wish I have just 5% of your energy and intelligence perhaps i will get to some place on steem.

practice , good habits and more practice.
Practice on writing i mean :D

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65359.95
ETH 3492.90
USDT 1.00
SBD 2.51