VERGE (XVG/USD): Pattern, Waves and MACD Confluence
SUMMARY
Verge (XVG/USD) is labeled as WXYXZ (blue) and the final Z wave could have completed. The subwaves confirm the placement of each of the complex wave correction. MACD has also broken out of the upper blue trend line. What would be the most probable next scenario? Higher highs or lower lows?
The pattern shows that the right side wall of the rounded price formation has probable started. This usually occurs as an impulse motive. The primary count calls for the blue arrow pathway and likely, so does the MACD. However, the propensity for price to time extend horizontally is not to be underestimated. Having the whtie arrow pathway into awareness should help. Overall, most Crypto Waves, Pattern and MACD are pointing to a potential rally from end of April to July or so.
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Verge is about to release a press release on April 17th. They have partnered up with a major partner. The price is expected to sky rocket the announcement after the 17th...beyond 30 cents is expected.
right after the tax year ends! This coin has kept its value so well dispite the fud, strange no?
Thanks for the post. I'm interested to see what happens with XVG...especially after all the new about them this week with the suspected "hack." I'm not sure of the specifics but I do hope that XVG will be able to bounce back from this and make some strong moves to prove their strength and worth. -Respect
They put a positive spin on it about how fast they were able to remedy the situation. In truth it was a miner who brought it up, and they accidentally hard forked without realizing it, again brought up by a miner. Overall, the I think it will continue to gain steam until their announcement and depending who it is will decide if it keeps climbing or not. We have seen in the past that some of these announcements end up being let downs and the coin ends up tanking.
I am a fan of Solaris and ZenCash. This Verge has a red flags.
verge is correct definition of Pump and Dump coin!!
Yes the coin itself is not very unique, the team constantly misses deadlines and there are so many other coins out there. Their partnership could be their only saving grace, depending who it is
Thanks for the post , seems really intersting will follow up
Excited about xvg. Hoping to break the ATH 😊
@haejin Please analyze Recovery Right Token (RRT) bitfinex!
Thanks for this educative post. Following your blog now. :)
this is a scam coin. nobody should invest in this crap.
I wouldn't say its necessarily a scam coin, but it is not anything special. There are several other coins that do the same thing or more and yet have 1/10 of the market cap