VERGE (XVG) Could Break Out of this Wedge Pattern

in verge •  7 years ago 

SUMMARY

Previous update had shown a wxyxz triple complex correction (white). The wedge breakout was noted and a price pathway potential to an impulse with a target of $0.139. Price went to $0.0947 and has started correcting.

The blue lines outline another wedge potential of a smaller degree. IF price can breakout of this, then the white impulse waves should be able to hit $0.13 or so.

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

we will see! you often make mistakes, but many of your tests helped me

Not mistakes. These are possibilities/probabilities. nothing is guaranteed. This is just a primary count. there are always alternate counts.

Yes! I agree. so more correctly

Yes, totally agree. The only real mistakes are when you mismanage your risk or fail in execution.

  ·  7 years ago Reveal Comment

There are no mistakes when doing TA. They are only probabilities and possibilities. This what he sees and it is still the market who decides.

You might as well say 9 out of 10 times his analyses mean nothing.

Looks like the break out on Verge is about to happen.
thanks for the update Haejin.

I'm looking forward to Verge's future. HODLING!!

  ·  7 years ago Reveal Comment

Oh god I hope so!

Let's hope the XVG stops correcting and starts climbing, I'm stuck since December.

same here, i lost 60k$ and i m just bored of that situation.

Choose 3 4 5 6 7 different coins, so never lose again :D

Haha! which coins??? If you held, you lost...

  ·  7 years ago Reveal Comment

You need 5 waves for finishing 1 wave. I see here an ABC and not 1 2 3. if wave 4 goes under wave 1 then that is a failure. It is then an ABD and not a bullish 12345. Correction of Verge is still going on. All your Verge analyzes have been wrong.

XVG has been slowly correcting since the crash. High hopes for it!

<3

  ·  7 years ago (edited)

haejin i love you greatly but there is no way on sweet earth that the Bitcoin whales are going to let anyone get there bitcoin.

The small blue wave 1 up looks very 3 wavish to me. Anyone have a count showing 5 waves up for wave one?

Whats so special about verge? can someone explain? or do you guys want it to go to the moon just because your hodling it

Interesting forecast, I am holding Verge myself so good news like this tickles my hopes! Though, I am waiting for a much larger increase than what we have seen already, as I believe Verge has a lot of potential. This seems like good day-trading advice, but for me it's Buy and HODL!

What is your longer term outlook on XVG Haejin?
I first got in about .01... :)

He has called for $5.50 long term. Search Haejin verge and you should find it. Roughly last October, give or take.

Thanks CannonBall, had seen that previous. Was wondering if he thinks the EW show any different long term or still rough target.. Thanks again
Happy profits to you!

I also expect rise on XVG. AGREED :)

thumb-up-terminator pablo M R.jpg

Haeijin - Digibyte or Verge?

You need 5 waves for finishing 1 wave. I see here an ABC and not 1 2 3. if wave 4 goes under wave 1 then that is a failure. It is then an ABD and not a bullish 12345. Correction of Verge is still going on. All your Verge analyzes have been wrong.

  ·  7 years ago Reveal Comment

Pehaps the whole price move from the top to your wave 5 could be drawn as a large cup and then a handle will form.

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment

I've been followin XVG since september 17, almost the same time that @berniesanders has been flaging Me.

well i take it youve made 30-40k then. well done.

Oh, I wish, I started trading that very month with only 50U$D, the recomended for starting the learning cycle, I've made "only" 700U$D roughly out of it.
For no reason at all I saw Verge's potential, kinda the same thing is still happening, and with Sia too, i'd tell you to go over my blog to take a look, but it has been flagged the dhit out of it :(

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago (edited)Reveal Comment
  ·  7 years ago Reveal Comment

Very interesting using the pivot points! I believe they too are Fib related

I sold at 0.085 and had was fallowing bitcoin. If bitcoin going down. Verge fallows bitcoin. after your analyse, i buyed it again at 0.083 and i today he is 0.059. I don't understand your analyse. You now that all the coins going down when bitcoins going down. there is always a correction after the 5the wave. so how can you see bitcoin bullish after his 5th wave. The only realy one that have the most experiance is @philakonecrypto
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-22-detailed-technical-analysis-morning-update-channel-finally-breaks

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment