Updated VERGE (XVG) prediction using EWT
Hey legends!
Hoping youve all had a good week - the crytosphere has been extremely volatile these last weeks and weve seen some huge drops since the christmas/new year period. But i predict there is light at the end of the tunnel - at least for Verge!
After my last post prediction came to fruition and ALMOST dropped between $0.08 - 0.06 (it hit $0.057!) i am restored with confidence in my current count. From the 3 wave impulse we had on verge 3 weeks ago there was then an additional ABC EXPANDED flat correction, with a huge B wave to take its current high to $0.30. I used fibonacci retracements to predict the drop from $0.30 to $0.06 and i believe that is the lowest it will go for now.
HOWEVER, i still believe we are technically in a corrective phase and that we are now on to wave B of another expanded flat correction in the higher degree. The last expanded flat B wave was roughly 2.618x longer than the A wave. If we apply the same theory to the higher degree and daily chart that price projection at 2.618 increased length will be roughly $0.70. After that there will be an absolutely humungous drop before the final 5th wave taking Verge into orbit.
The trendlines are simply guidelines but have worked well so far in predictions with my analysis.
This is only my personal prediction of chart analysis and should not be taken as trading advice! Thanks for looking and have an awesome week!
This channel is gonna break very soon. The waiting phase was long and boring and I am expecting even higher targets for XVG until May.
I think your Post is for a big group of people very helpful!
Thx for making this Website for us!
Upvote when your in my opinion @alokkamboj
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Your prediction is dope man! I should jump into this real quick
Thankyou my bro! Although i would never recommend jumping into a coin going off 1 persons analysis. Do some digging, get a little background research or use your own skills to draw up an analysis.
Hi when would you say that xvg should hit .70 cent?? Thx
Judging by his graph outline, its looking like mid May early June. However, a lot can happen between now and then. A LOT, so it could be for the good, the bad, or the ugly.
Although it is incredibly difficult to judge a time frame, if the target price is to hit the trendline with precision - it could be as early as late February