VERGE (XVG): Awaiting Resumption of Upward Impulse Elliott Waves
SUMMARY
VERGE (XVG) is showing a rather bullish wedge that broke out and price worked to put in wave 1 and is likely still working to finish wave 2. While wave 1 isn't the most beautiful impulse; it is acceptable given the bullish background in Cryptosphere.
The subwaves have been labeled and the corrective abc shows that C is complete with all five subwves. This gives good odds that the resumption of the uptrend could start.
The blue waves show the projection of the next round of impulse waves. Some are calling for the Head & Shoulders top formation; but this is a topping formation and they don't show up at the bottom of a correction.
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!!
--
--
An uptrend is definitely in the future.
It appears that the market in general is flating around this week. Acummulating to get more strenght movement.
I agree, to me it seems like the price has stabilized and money should start coming back in. Bitcoin is already up $5k since the bottom in February.
Thank you for providing this valueable post. This was the best image that I cound find to thank you ;-)
Always enjoy the Verge updates, thanks @haejin!
I voted in a very nice. cryptocurrency post post and commented and followed you and shared the post so that everyone can see this post and vote in this post.Hello friends.i am Bangladeshi have been there for the last few days join steemit family.steemit is a great platfram for us.ihope everyone support mefor success.....@steemitraj
I guess you haven't heard of http://coinmetro.info Price projections: https://xcmprice.com
-owned by forex broker FXPIG
-debit cards
-margin lending and leverage trading
etc..
Great @Haejin! How about Stellar Lumens (XLM)? Thank you so much for sticking it out here and congrats on your success, I hope one day they manage to get rid of the pesky bots for good!!
I'll post an analysis on XLM tomorrow.
Uber BOOLISH implications
Nice post 😍😍😍
Thanks for the update.
Are any of the following coins worth it: KRB HUSH XP ?
I noticed that you avoid analysing them (i asked before). Do I take it they are not good and you dont want to create enemity with their devs?