We're On The Verge Of A Powerful Impulse

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Not gonna talk about fundamentals or the benefits of this coin. If it's THE privacy coin that will come out to be the biggest or not, I don't know. What I look at is technical analysis and chart patterns combined with Elliott Waves counting. I do however take fundamentals into consideration when investing long term.

I'm basing this investment opportunity on 3 bullish signs that I can see looking at Xverge.

1. FINISHED CORRECTION: I believe we've just ended a ABCDE correction and getting ready to make a new impulse of five Elliott Waves.

2. BULLISH WICK: We did make a little bullish wick which means that the price broke through the bottom of the triangle and then went back in again.

3. DECREASING VOLUME: If you look at the blue line under the triangle, you can see that the volume is decreasing and getting ready for a new impulse. This could mean that the sellers are getting exhausted and we're setting up for a new rise.

I've also drawn out an example on how the MACD would look like when we're making the first impulse wave. So watch out for that too!

For a brief explanation on triangles and MACD, please check out my recent post on REDD

If you like my blog, please upvote and resteem. This analysis was a request from twitter and I'd be glad to do requests here too since I care the most about Steemit.

Investment summary:
⭐⭐⭐⭐ 4 out of 5 stars on this investment

🤑 Short Term Target at 0.00001583 BTC
💲 Potential profit 48%!

💪 Mid Term Target at 0.00002256 BTC
💲 Potential profit 111%!

🚀 Long Term Target at 0.00002453 BTC
💲 Potential profit 130%!

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.