We're On The Verge Of A Powerful Impulse
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Not gonna talk about fundamentals or the benefits of this coin. If it's THE privacy coin that will come out to be the biggest or not, I don't know. What I look at is technical analysis and chart patterns combined with Elliott Waves counting. I do however take fundamentals into consideration when investing long term.
I'm basing this investment opportunity on 3 bullish signs that I can see looking at Xverge.
FINISHED CORRECTION: I believe we've just ended a ABCDE correction and getting ready to make a new impulse of five Elliott Waves.
BULLISH WICK: We did make a little bullish wick which means that the price broke through the bottom of the triangle and then went back in again.
DECREASING VOLUME: If you look at the blue line under the triangle, you can see that the volume is decreasing and getting ready for a new impulse. This could mean that the sellers are getting exhausted and we're setting up for a new rise.
I've also drawn out an example on how the MACD would look like when we're making the first impulse wave. So watch out for that too!
For a brief explanation on triangles and MACD, please check out my recent post on REDD
If you like my blog, please upvote and resteem. This analysis was a request from twitter and I'd be glad to do requests here too since I care the most about Steemit.
Investment summary:
⭐⭐⭐⭐ 4 out of 5 stars on this investment
🤑 Short Term Target at 0.00001583 BTC
💲 Potential profit 48%!
💪 Mid Term Target at 0.00002256 BTC
💲 Potential profit 111%!
🚀 Long Term Target at 0.00002453 BTC
💲 Potential profit 130%!
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.