VERGE (XVG) Fractals Spotted

in #verge7 years ago (edited)

SUMMARY

VERGE is displaying a sideways triangle fractal as shown in below chart. Fractal #1 had price rise higher than the peak of the triangle. The abcde waves on the Fractal #2 are labeled and if correct, one more wave E down would complete the pattern. What would be needed next is a confirmation with a price breach of the upper white line of the triangle.

If the price breakout of Fractal #1 can be used as an indication for the Fractal #2; the a set of five wave impulse would confirm the pattern as shown in white waves. This increase would also need to be accompanied buy a surge in volume which has been declining as price is approaching the apex. This decline in volume prior to a breakout is expected and volume confirmatory.

Legal Disclaimer: 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:
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Meaningless..😩

I mean every coin is moving same direction. The end of last year, most of coin have going up and correcting for now.
The important thing is every coin is going up for a long period from now.

I don't want to blame your posting and I really like your posting and always appreciate your posting. I don't want there to be any misunderstanding.
thanks bro!

Depends on if you like charts or not.. for me all I want to know is it going up or is it going down..

Judge From Appearance

Probably to attract your attention and visit her profile. 😂

We will see a lot of kaboom posts. 🤑

And that looks very similar to Bitcoin's long term chart. It's all the same market with uniform sentiment.

I've got the same count, will be an interesting ride brother.

From the month of January I am waiting for a rise, hopefully start increasing the volume and especially its value.

Congratulations Salahuddin Sockpuppet!
You have earned another four weeks of my loving attention.
Keep up the hard work.

Congratulations !!!!
That's another four weeks.
I can offer you a solution to your problem if you may find a modicum of manners.
Good Luck!

It's not that professional to advertise for someone and call their competitor crap....this is about as convincing as the click bait you see on the side of CNN and FoxNews. Haejin does a great job too, it's not fair for you to say garbage like this.

verge is long due a ride...

Verge really had roller coaster ride lol. I hope ill learn to sell some profits :)
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Great post 👏

Any Updates on Dent looks like a good buy price is cheap too !!!