Crypto Contest October 24: Verge
Verge (XVGUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Verge began a wave one advance on August 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 10, and the red wave two correction ended on September 15. If this wave count is correct, Verge should be heading next towards the September 10 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Verge is currently in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com)
Funnymentals
Verge is a privacy focused cryptocurrency.
If you think this analysis is correct, upvote this post and upvote the comment "Verge will takeout the September 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Verge will drop below the August 15 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 August 15 low and the September 10 peak until November 24".
You can upvote the comment until 3 PM EST October 25 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).
Verge will drop below the August 15 low (5 voters as of 3 PM EST October 25: bleujay, bentleycapital, yefet, razorwave8, c-c-c).
Verge will takeout the September 10 peak (23 voters as of 3 PM EST October 25: fitinfun, lydon.sipe, gregory-f, lucasgabd, simonjay, damla, libert, catena, eirik, incrediblesnow, heroic15397, toofasteddie, digitalking, abh12345, crokkon, mihail.tsvetkov, nairadaddy, amfid4846, arpepa, kanoe, kryptofan, babysteps, me-do).
You won.
Verge will stay in a trading range between the August 15 low and the September 10 peak until November 24 (22 voters as of 3 PM EST October 25: twinner, flemingfarm, jznsamuel, psywalker, starline, skririm, osmanbugra, tzap90, ahinga, komischername, mirda, coolthings, mprgrmmr, nehomar, carlosdaniel, ragnaros, allmonitors, andy23, napkin, richard78624, sallysmith, cryptogecko).
Verge is going "to the moon" for sure,
cheers!!!
Yep. It looks like it is on its way..
I'm on the Verge of buying a few more. ;)
img credz: pixabay.com
Nice, you got a 28.0% @trafalgar upgoat, thanks to @maarnio
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