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RE: XVG Verge - Very promising, it is: Mid-term target: $0.70

in #bitcoin4 years ago

Just a comment: remember when counting EW, that wave 1 and 4 can not overlap. This would cancel waves 3 and 4, so you would still be on wave 1. For the count to hold, you may choose to ignore the pins and keep only the candle bar bodies. Since the pins can occur on a single transaction, this can be totally valid for low volume charts (low volume coins, single exchange...)


I already know, and what you say is exactly what happened. Bodies at the end of 1 and 4 don't overlap :)