Crypto Contest January 8: Verge
Verge (XVGUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Verge began a wave one advance on October 21, 2017. The red wave one finished on November 6, 2017, and the red wave two correction ended on November 30, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 23, 2017, and the red wave four correction ended on December 28, 2017. If this wave count is correct, Verge should be heading next towards the December 23, 2017 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Verge is currently in the red wave three (blue sub-wave v). The red wave three began on October 21, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, Verge is most likely in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Verge is a secure and anonymous cryptocurrency, built with a focus on privacy. Here is a short SWOT analysis on Verge by Cryptocurrency Australia published on December 26, 2017.
(Sources: https://vergecurrency.com/ and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "Verge will takeout the December 23, 2017 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Verge will drop below the November 30, 2017 low".
If you think Verge is in a range, upvote this post and upvote the comment "Verge will stay in a trading range between the November 30, 2017 low and the December 23, 2017 peak until February 8".
You can upvote the comment until 3 PM EST January 9 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Verge will takeout the December 23, 2017 peak (44 voters as of 3 PM EST January 9: bleujay, fitinfun, bentleycapital, allyouneedtoknow, kooshikoo, libert, lydon.sipe, simonjay, steemquestions, crokkon, glennolua, osmerj, digitalking, mprgrmmr, apsu, j4y, mgood, komischername, toofasteddie, bitstudio, carlosdaniel, themovieplace, me-do, starline, flemingfarm, mirda, richard78624, mihail.tsvetkov, criptorafa, deaconlee, incrediblesnow, jibasjr, kalio, heidelbaer, karadere, koskl, barbadosso, huasipi, hermanhanafiah, arpepa, cliffy32, komiya-encore, sevinwilson, papakli).
Verge will drop below the November 30, 2017 low (11 voters as of 3 PM EST January 9: gentlebot, eirik, dlina-v-metrah, sqlinsix, coolthings, ahinga, gunsmithing, cassidyandfranks, betrayerx, portillo, anjelik).
Verge will stay in a trading range between the November 30, 2017 low and the December 23, 2017 peak until February 8 (13 voters as of 3 PM EST January 9: heroic15397, gregory-f, cryptotem, twinner, lucasgabd, jznsamuel, reconnectnature, nordina, tzap90, yefet, cata22, liberton, dawitnet).
You won.
👍👍👍👍
Thank you beautypics.
Thanks for the info man
I love this, Nice post. My take is that the analysis is wrong
Thank you austinebizzy.
Please upvote the right comment.
Verge will drop below the November 30 2017
nice try there!
good post
Im so sorry ,help me please,if you can up vote my photos
This is not well seen by the Steemit community, the comments should contribute to the value of the publication is not to ask for votes. Please, do not do this anymore or you will have more negative flags that will ruin your reputation.
Thank you Osmer.