VERGE XVG ANALYSIS UPDATE 5/4/2018

TECHNICAL ANALYSIS:

• VERGE/XVG is going through an extended correction - or a WXY Correction
  • This happens when the impulse wave up fails, as denoted by the "X"
  • Possibility for further correction denoted by the yellow dotted lines
  • Both results will end in the same place 
• Bull Flag Pattern on the 4 hour chart
• Breakout above 860 satoshi will confirm the next wave up
• Swing trade set up and targets have not changed - LINK
• 200 EMA acting as support at 823 satoshi
• Long term targets of 1500 satoshi and 2000 satoshi are still viable and in play

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I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering    this blog is  a way for me to  document my own personal  analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to  learn   how to trade and invest, see my  previous post - LINK.