Verge (XVG/BTC): A V-Neck is Still In Fashion with Cryptos!
SUMMARY
The extended 5th wave of prior impulse drove the current correction to deep retracement levels. However, the resulting breakout has also been impressive for Verge (XVG/BTC). The symmetrical triangle broke out after completing the wxyxz complex correction.
The V-Neck reversal is quite unusual for Altcoins but let this be an example of how some Cryptos might change their direction from down to up. The rise has thus far been in five waves and so a minor correction is expected. The MACD shows how as it got closer to the apex, it resolved to an upside breakout and that has made all the difference.
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Verry nice post big thumbs up and a resteem from my side for hard work and dedication.
Haejin, as an alternate, do you think it could be completing 4 of (5), rather than already being done (5)? Like this:
much agreed on this one. This is my primary count including both fundamentals and EW.
Thank you. A sharp turn indeed! I now project the minor correction to finish around 1050.
Or would the level of prior wave 4 also be considered?
I'm trying to figure out the same. I have ladders at 1050 and 850 after selling off most around 1300
düzelsin art zararımızı çıkartalım :)
Nice analysis of a BTC pair...Really got long term goals for Verge...3000 Satoshis!!!!
It's gone up because Sunerok is going to announce a major partnership on April 17th. They are saying that this partnership is a household name and that it will bring Verge up into the top 3 coins...
Learned, very deep, but feel very reasonable, forward, just came to steemit community, if you can please pay attention to me @ Chinese
I think XVG will be worth a whole lot more in the future, so don't sell all your portfolio off!
Im just selling a small portion to get my original investment back , keeping a tonne! :)
Watching closely however, fundamentals are getting better as well.
Token pay said this...
Derek Capo
@derekcapo
18h18 hours ago
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There is a lot of speculation that @tokenpay is the mystery partner for @vergecurrency the answer is no. However, we do have a lot of plans to integrate $XVG into a lot of services we plan to offer soon. The crypto community needs more partnerships to increase adoption of crypto.
Even better, Tokenpay will be using Verge and there is still the partnership to come as well on top of that..
good
Nice analysis