Verge (XVG) PANIC Selling? LOOK HERE for COMFORT
Verge broke the pattern I too bravely laid out in VERGE XVG-USD and XVG/BTC Correction is over! 10 days ago.
Instead it came with a large ABC correction, counted like this:
I think the correction is over now, really. But I can be wrong again, the red abcde correction can be wrong on wave 1 and 2, thus one final lower low to come. Volume is fading away as price go down, and is almost nothing. Only weak, weak hands selling now.
Bulls can arrive vigorously, and it might go like this, or way higher. Counting the subwaves as they start forming will tell.
Comments are highly appreciated, and if you profit from this chart, or enjoy my post, please upvote, resteem and follow!
I have learned this profitable EW charting by @haejin btw!
These charts are done at Hitbtc exchange
If you feel like buying me a beer:
ETH: 0x478c06b33f2b03892dcbb03cd353defba356bc26
LTC: LQ3Jc2bq46Dc8FBkdDoDKtAtYp6mNdLDSa
BTC: 1NXnrq9WcF2BoL2dwAgNg85MZ2qiwN5e1j
BCH: 1GTzQYiTn2EqNt3YVp9LoCbzVvouHiHJAD
very optimistic