SUMMARY

VERGE (XVG/BTC) has broken out in both price and MACD. The below chart shows the types of patterns, Elliott Waves and Indicator (MACD) I've presented in other coins. The breakouts of this type are exactly what my analysis is projecting. So, what next? I personally require two rounds of impulse waves up to become convinced of a trend change. Note how I didn't say to buy; that's been done well in advance of the turn using the laddering technique.

The closeup of the waves show that the first round of impulse (blue waves) are currently in progress. I believe wave 5 up is in progress. Following that, a minor correction before the second impulse setup. It won't be a staright up process and also Bitcoin (BTC) has to collaborate or lead.

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?

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