XVG Verge - Very promising, it is: Mid-term target: $0.70
Good morning everyone!
Per request, here is an analysis on Verge (XVG), a very promising crypto. This is not me speaking, this is John McAfee's words (google's your friend). Was that the event justifying the last bull run up to $0.29? You got 2h. (just kidding!)
I had posted a chart a few days ago about a possible bull flag. Did it confirm? Well, yes and no. Except if we consider it a giant bull flag. But XVG does not need this to go up. First, let's take a look at a tentative pattern recognition:
I must admit I for one am not convinced by my counting for wave A, but it does not matter, destination's the same. And more importantly, look what we 've got here: a single 5-3-5 zig zag correction that retraced beautifully down to Fib 0.618. Wave (v) of C might not be in yet, however if we take a look at the bigger picture, this is what one may call "very promising" (4 hour chart):
How handsome! Now let's try and see where this could lead us. I think this is what @haejin might call the "jaws of wealth":
Mid term targer: $0.70; Long term target: $1. Only time will tell, but remember that after a correction, a new set of impulse waves shall be ready to start. Still, news or events shall arrive to justify the forecast.
Enjoy the ride!
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Remember this article is not intended to guarantee any gain nor encourage you to invest in any way! This is just for your information.
You could even consider offering me a beer! ;)
Have a good one!