VERGE (XVG) Update: New All Time Highs Coming!
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SUMMARY
Verge (XVG/USD) is sitting at the bottom of the horizontal chanel. The a,b,c,d,e waves are nearly complete, if not already. This would complete the blue wave 2 and that means blue wave 3 is next. So, now would be an ideal time to ladder in! Ready for ALL time NEW HIGHS?
The Cup & Handle pattern is present in BOTH the /usd and /btc pairs! Price is sitting at support on the bottom of the triangle line and d should take XVG/BTC to 0.00000161 BTC or higher. However, this is an a,b,c,d,e symmetrical triangle and that means wave e is still on deck. It will also explain how XVG/BTC will be lagging behind XVG/USD in price action. No worries, one can then use the /USD pair as the leading indicator for the /BTC pair.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: 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.**
@haejin - I have been watching a low cap cryto called Chronologic, I would be interested in your thoughts on it from a charting perspective.
Ready for this...I'm HODLING...Crush that upvote button if you are too ;P
We’re on the Verge of something big.
Pun intended? ;-)
Done!🤗
Upvoted, HODL few more months...
@haejin - great post - resteemed - do you think we could get past a dollar next year on this one
HAEJIN STOP playing with our imotions please. This coin is either Hurry up and CRAWL or not going to happen. 30+ Days you're calling it. Lets move on.
GCR Coin PLEASSSSE
LBRY update, SIA update,
Don't be ungratefull please.
I am thankful. Obv came across wrong. Was being facetious
If you know so well where verge will go .....why ask TA for other coins?!
I think you should be thankfull for all the lessons you can learn from Haejin instead of telling him what to do.
I am thankfull for his skills and his teachings. Never telling just saying (Hurry up and crawl)
Sell your XVG, I dare you
very excited about this one! Ive got almost 200,000 of them and accumulating more, at least for a little longer. Hodling!! :) Thanks Haejin!!
I wish you MASSIVE profits!
Hi @haejin - i cant help but notice that you are charting in log scale, can i ask why this is?
Looking at the auto scale it would appear we have passed wave 5 and are currently in a bear market for XVG.
Could i have your thoughts and expertise input on this please?
Thank you! My plan is ladder half out around $1 when that comes and keep my other 50% for much higher prices..
If the developer can get "wraith" done in the near future, this coin will be a huge winner. I've already loaded up on this one myself. I am a believer in it. I use the Electrum tor wallet and it works extremely well. Very fast. The privacy aspects of this coin are what sets it apart from "all the other" coins out there.
Wraith is coming. It was just late, hence keeping XVG down. I see a YUUGE pump coming soon!
When that Wraith Protocol gets released we are gonna hit LAMBO on Verge, just HODL!!
when will that be any idea
Before 31st of December that's for sure!
Its already been released back in November.
No its not, the announcement was made in November but the official release has not been yet. Check your wallet to see the private ledger functioning at its totality.
Only the dev teams knows. Haven't heard any info on this. They are apparently running a bit behind which is why this coin has not already moved up... I have seen their "missed schedule" as a buying opportunity. The only way to lose on this one is if they fail to follow through with wraith. If that happens, then this coin is done. The timing isn't as important to me as the completion of the project. I think some folks have already written this one off. (Perfect buying opportunity in my opinion...)
Been watching this one, but powder low. But is a good alt short term.
Also, I've been reading, practicing and studying for the last 3 weeks and here is my first stab at the Tao of TA: LTC/USD, with target set at $136 for new all time highs...
thanks per usual. please hodl.