Latest Verge analysis. Things are starting to look quite bullish again for Verge.
The 4 hour looks very much like an inverted head and shoulders pattern, with us currently at the bottom (technically top) of inverted shoulder 2. This also fits nicely into a typically elliot wave correction with prices close to the bottom of wave 5 of c.
On the larger scale wave 3 is approaching soon and prices could exceed the last rise to $0.12 as we break the neckline of the ih+s. Projected price for this is $0.18 using fib ratio.
This is my primary count. Although should we decisively break the lower trend line holding is1 and is2 and breach a price of $0.024 this count will be rendered invalid.
very good, but LS, c of wave 2 seems incomplete still. But I think the pattern will play out like you have shown.
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Cheers legend, only time will tell but its looking good so far. As you know BTC price usually affects ALT movements so if your prediction of upcoming wave 3 is correct for BTC this could be the fuel for the same wave in XVG. Fingers crossed!
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Analysis of Verge (XVG), good.
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this is an intresting analysis
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