VERGE (XVG): Awaiting Resumption of Upward Impulse Elliott Waves

in #verge4 years ago (edited)

SUMMARY

VERGE (XVG) is showing a rather bullish wedge that broke out and price worked to put in wave 1 and is likely still working to finish wave 2. While wave 1 isn't the most beautiful impulse; it is acceptable given the bullish background in Cryptosphere.

The subwaves have been labeled and the corrective abc shows that C is complete with all five subwves. This gives good odds that the resumption of the uptrend could start.

The blue waves show the projection of the next round of impulse waves. Some are calling for the Head & Shoulders top formation; but this is a topping formation and they don't show up at the bottom of a correction.

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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An uptrend is definitely in the future.

Thanks for the information i might have to buy up some of this coin while I can looks like it could be a good one, cheers.

It appears that the market in general is flating around this week. Acummulating to get more strenght movement.

I agree, to me it seems like the price has stabilized and money should start coming back in. Bitcoin is already up $5k since the bottom in February.

Thank you for providing this valueable post. This was the best image that I cound find to thank you ;-)

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Always enjoy the Verge updates, thanks @haejin!

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I guess you haven't heard of http://coinmetro.info Price projections: https://xcmprice.com
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Great @Haejin! How about Stellar Lumens (XLM)? Thank you so much for sticking it out here and congrats on your success, I hope one day they manage to get rid of the pesky bots for good!!

Uber BOOLISH implications

Nice post 😍😍😍

Thanks for the update.
Are any of the following coins worth it: KRB HUSH XP ?
I noticed that you avoid analysing them (i asked before). Do I take it they are not good and you dont want to create enemity with their devs?

Can you do ACT?

Also great news for Tron, despite all the FUD tron had, its looking damn strong! CANT SPELL STRONG WITHOUT TRON! :)

We've been hearing that since 201

i can't wait for verge to breakout on technicals and on facts

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Thank you for all these great post @haejin. I am very thankful for your hard work. Don't listen to those haters I seen come here. I have your back.

Wouldn't it be more beneficial to do alts against BTC? If BTC goes up in dollar value, so do many of the alts

sometimes they do, sometimes not at all

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS7.829$-4.69%-3.51%
QAUQuantum0.202$-10.21%-8.79%
WAVESWaves6.635$-1.79%1.05%
XVGVerge0.055$-7.82%-5.11%

Nice! Good news... Upvote 🔥

I hope verge will go that rise so I can sell allmy holdings I buy a lot when its price seat on $0.26 and I lost a lot..😢

Well buy now when it's 500. It won't be soon again 1600 but it's easy going to 800

Verge is sooo bulish it is scary!
In 2 years verge could easily hit 10$

thanks once again for your helpful posts on new emerging good crypto coins....kudos mate

THX. . RESTEEEEM!!!:)

I post good quality memes, to entertain The Whole Community, check my timeline!!!

I post good quality memes, to entertain The Whole Community, check my timeline!!!

i m really sick of all these weird predictions. First i was so happy and felt unique to find haejin but now it s just boring and not usefull at all for ME. Nothing is going to happen within the next weeks exactly like the last weeks. If it goes 30% up all people cry for moooooon and 2 days later everything is back to the ground. I hold a lot xvg which i bought expensive (0,25) and i hodl to death. In my newbie opion it will reach 0,25 again and i think it will be this year but not within the next weeks or 1-2-3 months. Just my 250k xvg

Good analysis. Not a fan of XVG fundamentally, however it can be a very profitable coin to trade!

As always great info and analysis Thanks @journeyfreedom

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I think the same as you for any investment you have to consult a professional

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Verge biggest threat lies on their delivery and their competitors.

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Ive got quite a large position on verge and really hope the run does come, the market has been flat for weeks so im just increasing my positions on other alt coins

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good post, I really like, good luck, hope we become good friends
voting complete
follow @hidupsehat

thank you haejin :)

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I hope you’re right about Verge because I have faithfully invested in them for a while now. If Verge ever gains any respect, it could be a big winner for me and a lot of others who believe in it’s value. Thanks for the post. @Gregcar48

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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 210.78 SBD, based on the pending payout at the time the data was extracted.

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