XVG VERGE incoming Comeback from price COMA

thedolphin (52)in #verge • 7 years ago (edited)

Verge found it's 1800 satoshi equillibrium just before christmas, and gifted us with a 50% drop the next days. It has been correcting since, and as the image says there have been trading opportunities later on too.

It has been as low as 329 satoshi, and have started a bullish movement the past 3 days.
The superguppy show a wide aqua traders group are frontrunning the green investors group upwards.
Two green Swing Arrow Alerts point out that we have a bull here.
Volume is a little higher, but we need more to go vertical.

Here is the 1 hour chart XVG / USD at Bittrex, and I have labeled up the subwaves in the green 3. wave. Expect price to bounce a couple times at the yellow support/resistance line.

We are trading above the shifting Ichimoku cloud.

The daily chart of XVG/USD calculated from Binance show a classy altcoin, with a huge near vertical up and a slow devastating correction with traps for both bulls and bears.

The full 9 red TD counts followed by yellow candles is good preparement for a new bullrun.
Stochastic RSI is pointing up again, but the volume is still low.

The daily chart from Bittrex tell the same story, but I have also labeled in the full EW cycle of which the green EW make up wave 1. Target of wave V is 0.25 USD!

These waves can extend beyond imagine, and would need a redraw if we go to far away.

These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.