VERGE (XVG) Fractals Spotted

in verge •  7 years ago  (edited)

SUMMARY

VERGE is displaying a sideways triangle fractal as shown in below chart. Fractal #1 had price rise higher than the peak of the triangle. The abcde waves on the Fractal #2 are labeled and if correct, one more wave E down would complete the pattern. What would be needed next is a confirmation with a price breach of the upper white line of the triangle.

If the price breakout of Fractal #1 can be used as an indication for the Fractal #2; the a set of five wave impulse would confirm the pattern as shown in white waves. This increase would also need to be accompanied buy a surge in volume which has been declining as price is approaching the apex. This decline in volume prior to a breakout is expected and volume confirmatory.

Legal Disclaimer: 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.

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Meaningless..😩

You are uninformed.

I mean every coin is moving same direction. The end of last year, most of coin have going up and correcting for now.
The important thing is every coin is going up for a long period from now.

I don't want to blame your posting and I really like your posting and always appreciate your posting. I don't want there to be any misunderstanding.
thanks bro!

Depends on if you like charts or not.. for me all I want to know is it going up or is it going down..

Judge From Appearance

What does it mean??

Probably to attract your attention and visit her profile. 😂

We will see a lot of kaboom posts. 🤑

And that looks very similar to Bitcoin's long term chart. It's all the same market with uniform sentiment.

I've got the same count, will be an interesting ride brother.

From the month of January I am waiting for a rise, hopefully start increasing the volume and especially its value.

Good info!

intersting post
thank you

verge is long due a ride...

Verge really had roller coaster ride lol. I hope ill learn to sell some profits :)
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Great post 👏

Any Updates on Dent looks like a good buy price is cheap too !!!

Its a very useful post,also very informative.Specially set of five wave impulse
is seems to be very effective way to analyzing,most of the time it comes right.Thank's to @haejin for such helpful post.@upvoted and resteemed

Thank you for the update, Haejin

I can only hope.

Thanks for valuable sharing

This looks like an exact replica of what BTC is dong with the same fractal in play.

Currently most of the coins looks like it.

For sure!

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please voteback..
thanx

좋은정보감사

Interested, i am glad of receiving this kind of information

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