SUMMARY

On March 10th, I had posted the below analysis of Verge (XVG/USD). It was a complex Elliott Wave sequence of wxyxz. The subwaves of the final Z was projected to be $0.024 and the low was $0.023....not too shabby! Since then, Verge had surged to as high as $0.117. Ladies and Gents; that's a 408% PROFIT!!

Can Verge (XVG) revisit the prior highs? I believe there is a strong probable pathway for that to happen. Let me explain using the below chart. The contours currently can be drawn to show a rounded price formation that is taking place (white arrow). The Elliott Waves are also jiving well with this (blue) and so far waves 1 is complete and 2 is still in progress but should complete soon. Waves 3 and 4 should together form the "handle" portion of the Cup & Handle pattern. Wave 5 sould then rocket further to $0.271 or likely higher. Check out the MACD...it's coiled and incrementally approaching the apex closer and closer and ready to explode!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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