On track for my previous analysis of the Prime Wave reset. Thanks to a 17% kick in the nuts from btc mind you!
XVG needs a good reset down to 312 or 50 Fib level to springboard it back up to 1500+ in time for the news on the 17th.
XVG showing a series of lower highs and a series of horizontal lows, which created a descending triangle chart pattern. Traders would look for a definitive breakdown from the lower trend line support on high volume before taking a short position in the stock. If a breakdown did occur, the price target would be set to the difference between the upper and lower ...
As per previous T/A - I had mooted the idea that a major reset was due at or on 3050, the end of a 5th wave on a Prime cycle.
XVG moved up and I then planned for a new Elliot Wave up to 1500+
Turns out my initial projection was probably right, it looks like we are on for a big reset now.
A Bullish scenario that is invalidated if Bitcoin tanks or Donald Trump declares he is impotent so had a fireside chat and coffee with Stormy Daniels.
1500+ target, this moves out to 1600+ if higher than a 1:1 Fib extension on the final wave.
Positive sentiment and circling Bulls make this coin unpredictable, expect sideways trading proceeded by almighty ...
Prime wave projection based on Fib Extension 1:1
Then retracement, possibly 50 - 618 Fib
Then Moonshot to upper 1500's +
1-6 day scenario
Invalidated by BTC being pulled down by FUD # 3112844859 and any scandal news on Alts, and a meteorite slamming into Trump Towers.
Not financial advice
DYOR
Simple Elliot Wave / Fibonacci Extension calculation.
Target will be hit in 12 hrs or less.
Low Sunday volumes may result in extended sideways trading and consolidation.
Not financial advice - DYOR
Triangle magic. XVG has broken support of the symmetrical blue triangle. will most likely retrace to the green support line of the bigger triangle, where it will continue until breaking through red resistance point.
See yellow arrows of previous and possible future trends.
I think there will be next important check-point for some changes. Triangle is getting full of corrections and that way is coming to the end.
After little rest, some good gain can came quickly.
VERGE had some consolidation on verge,
You can take long positions or scal in the trading channel.
the moment the lower trendline get broken, for instance when you see at least a 15 and 30 minute candle closing outside the channel. you can assume the consolidation broke downwards.
Secondly take into account in case of a major spike downward, the market ...
I'm thinking a breakout to the upside out of the triangle formation is looking likely for #XVG #VERGE This will be a continuation following the ascending support line
Verge, XVG is ready to climb higher towards 1 dollar area.
Several billionaire individuals have stated verge would go to the moon, based on the tech team and technology they use.
John mcaffee stated verge could go to 15 dollar. Verge is at on 0.17 dollar currently. Which means an increase in valeu of x 100!
Verge has broken the upper trendline of the most ...
Possible Adam and Eve,
Safe Entry could be candle above 94
if it holds then target would be 149
if not then down to 51 and 35 which is quite less likely
I think $XVG is ready to take a nice leg up in the coming days. Vol building, active devs, vibrant and passionate community, new exchange listing, Wraith Protocol!!! I see good a good long-term investment opportunity. Accumulate!
