VERGE (XVG): A Bullish Scenario Could Look Like This...
SUMMARY
VERG (XVG) has an amazing multi-year future and targets. Any investor who becomes confined to a naroow time band perspective will suffer from cyclical bouts of fear and greed. I assure you, there is no happiness to be found in such a state! The biggest indicator clue of such a suffering state is usually when one starts blaming everyone except themselves for whatever losses.
XVG shows that wxyxz correction could be complete as shown in below chart. In the last update, I had posted a smaller wedge fractal but that has been updated as a bull flag. From the looks of it, the breakout from the large wedge can be labeled as an abc or as the start of an impulse. Yes, there is a certain degree of subjectivity to Elliott Waves. IF price breakout continues by breaching out of the small bull flag, it likely would do so in an impulsive manner.
I know that while wave 1 doesn't look very impulsive; I assure you, I've seen uglier wave 1s, a five wave impulse has been labeled to project a potential bullish outlook. Having said that, IF wave 2 is near completion or already so, the wave 3,4 and 5 should drive towards higher prices. It can be very exciting once the onset matures.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Hope the bottom of wave 2 is in as wave 3 is theoretically the longest wave in a cycle. Back to ATHs please!
Hi @haejin,
It seems you got a $32.2784 upvote from @done at the last minute before the payout. (17.27h) and this comment is to make everyone aware.
Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.
if only I knew about verge last year when it was less than 10 satoshi...I could have my freedom now had I known to invest
Yes. I also wish i had a time machine
A deep correction is as close to a time machine as it gets. Buy it up and have your freedom on the coming big run up.
Hey you got Donkey Shit from the Gay Korean @haejin worth less than a penny.
Chinese Scammer @haejin Is A Little Japanese Fudge Packer (Flag @haejin Jackass)
What your doing is offensive and criminal. Take your racism and leave.
What HAEJIN is doing is CRIMINAL. Not to mention the RANCHO guy upvoting every post of his. WE KNOW WHO RANCHO IS!!!!!
I like Fudge Sickles
I think you still have a chance:) Verge will drop below 0,03$ as correction is not over yet
lol
Hey you got Donkey Shit from the Gay Korean @haejin worth less than a penny.
HODLING!!!
@haejin can you do a review on Decred. Thanks!
HODLINGGGGGGGGGGGGGGGGGGGGGGGGG My Balllllllllllllllllls
It's a very confusing moment for those who are interested in crypto currency.Because market can go any direction.It may turn into a good one on the other hand there might be another disaster.I try to make assumption from different source.@haejin sir you said it right its about fear and greed situation in the crypto market.I always try to follow your post.But whenever i comment on your post some one flag me.Thanks for the post.@upvoted and resteemed
Yes, market can any direction, but if you understand it, can earn some money :)
Thanks @haejin for your comment about how ugly the Wave 1 appeared. I had been concerned about it, and was having a difficult time charting the Wave. My plan for now is just more patience with Verge. Thanks, as always, for all the work you do and knowledge you share.
Thank you for all of your analysis. I hope steemit has taken care of the people who have been voting down your posts. I started following your posts in November and would have never known about Verge if you didn't add it to your analysis. Verge has a lot going for it as far as anonymity, quick transactions, and low fees. I like where this is going and if viewers don't look at exact dates on your charts they will be amazed at how much profit they can accumulate if they invest based on your analysis and stop looking at crypto news articles. Thank you Haejin!
I've been an advocate of Verge for a long time and truly believe in this privacy coin the best is ahead!
Nice sharing. Quite informative and explanatory. Thanks for sharing... Thanks for the update.
Great job @haejin
Upvoted!
Verge had a great launch
But what about it now
We hope it will rise again
It will, but a bit later :) Still has some space to fall.