SUMMARY
Verge (XVG/BTC) completed an impulse five waves up and since then, has been correcting in a wedge pattern. Price has already breached the upper white resistance line. The MACD in this daily chart is diverging with price by putting in a higher low while price had hit a lower low. We need to see two rounds of impulse waves up to get a solid confirmation of a trend reversal.
I'm counting the wedge as a complex wxyxz which all got completed as shown in below chart. The MACD in this 4 hour chart shows the now common symmetrical triangle formation. MACD has not yet broken out while price has; yet another bullish divergence. I've added the blue impulse waves that could take a few weeks but they would certainly indicate a potential trend reversal. The white arrow pathway for the MACD should support the price move.
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Thanks for your updates.
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hahhaha..your are just a fool
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Surprising
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April 17th to be exact. Due to upcoming partnership announcement
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And now it's breaking down... So much for TA lol...
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Good stuff..... patiently waiting for the uptrend breakout....
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Informative, thanks for sharing the study on XVG.
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Thanks Haejin! I knew I was reading the chart right but the micro cup and handle threw me for a loop. I am targeting the top of the micro 5th to 735. Hopefully we get a good size retracement to pick up a lot more coins.
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I think that was a great call. I sold off a little around that price as well.
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Been a Verge investor for weeks now since before the partnership topic was introduced. Had a small position already, now a larger position and YES, the crowdfunding was completed successfully, the partnership is secured and will be announced on the 17th April. See details on Telegram and or Reddit. HUGE! Thanks Haejin, your chart produced the news I know!
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Can you please do analyisis of EMC2 einsteinium..
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yesssssssssssssssssssssssssssssssssssssssssssssssssssss, That what I like to hear
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YESSSSSSS SRRRRRR. I have already been following , an I have been riding this out for a good month and at one point 345 coins were down to about 3$ or 4 $ its was disappointing but I stuck with it , patience has been one of the greatest lessons of this ongoing experience in this new day and amazing platform we call #steemit !!! Awesome post as usual ! Looking forward to watching this play out . STEEMMMMM ONNNNN
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could be news driving this impulse move up, apparently theres "huge" partnership news coming april 17th. aka price will likely climb a bit till that time, then dump on that day.
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Thank you so much Haejin:)
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Blue wave 1 in above chart is currently at around 830. To what fib zone can blue wave 2 expect to go? 0.618?
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Verge was a wise choice last weeks i bought some expecting that impulse.
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There is announcement on April 15th? my humble non-analytical tip might simply be just to hold until then...
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Wow... What an awesome photo you took...nice one boss
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