Verge (XVG): Pattern & Waves Point the Same Direction...UP!
SUMMARY
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Back on March 27th, I had projected the below price pathway potential for Verge (XVG/USD). It outlined a broad rounded price formation with a correction that was likely to be in a WXYXZ sequence.
The price currently shows the following patterns. The first is a sizable bullish wedge (white) which is followed by a bullish Cup & Handle (blue). Would you say these patterns are bullish or bearish for Verge? Also, note the wxyxz sequence as had been projected.
Now, Elliott Waves show that the initial impulse from the red Z wave bottom has completed (blue). After fives waves, a requisite correction is a must; thus the wxy (red) is about complete, if not already. Now, the white arrow outlines the sizabel rounded price formation that was drawn in the March 27 chart. The purple waves show that waves 1 and 2 are likely complete. Which wave is next? It would be purple wave 3 and wave 3s move the most violently!
Check out the MACD...it's all coiled into a contracting pattern and so poised and ready to support the price action (white arrow).
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Funny that this coin works .. ..
You're an ass.
Somebody really has to have no life if they create an account just to hate on this blog. Maybe find some new hobbies by chance? Maybe some exercise could help blow off some of their steam? 😂
Haejin, i respect your TA, but Verge is a shitcoin. Nobody with half a braincell would invest in this crap
Give it a few weeks and I'm sure plenty of people will wish they had invested in Verge. The markets don't care whether a project is a a shitcoin or the greatest crypto ever. If people make a great return on Verge, isn't that all that matters? Also, Haejin isn't interested in the fundamentals- it's pure chart and technical analysis.
Right, the only people interested in Verge are hackers! 😀
http://bitcoinist.com/verge-xvg-hacked-35-million-xvg-tokens-reportedly-generated-hacker/
Yeah. That's why they got the biggest deal in crypto. With the whole online porn network and trafikjunkie (exclusively!)
They paid for that partnership...
I remember when naysayers were talking trash about Haejin's Reddcoin price projection... calling it a deadcoin, shitcoin... Same story for BTS. Then we know what happened when BTC rose in late 2017.
If you can't put fundamentals apart and look at proper technical analysis, then you're not up for cryptotrading.
verge is an interesting project, but the comments on social networks with doubtful intentions that pushed it prematurely at too high a price caused many of the users and investors to move away, so they will be handled very cautiously since there were many who lost money with the fluctuation of previous months, as always your analysis is very good and we hope that the projections are made concrete, thanks!
Privacy coins are not shit coins, and verge is the cheapest by far so it can grow the most compared to Pivx and Monero.
Look at the 2 year history chart for both Pivx and Monero they both growed 100x
Wow - you do know Xvg is worth 3x more than pivx?
i think verge is going to be useful in future
I am ready for this Haejin! Bring it on! Thanks for TA
uhm ..... interesting technical analysis in which they show us the action you think the verge will perform, I have a question, do you perform the technical analysis in tradingview or in another page? @haejin
Hi Haegin, could you do Ven.
excellent post, good job