SUMMARY
I'm very bullish on VERGE (XVG). I call it the "Stairway to Wealth"!! The below chart shows that XVG/USD had been channeling between two parallel trend lines. This is labeled as a,b,c,d,e and once the e wave completes, the $0.0238 target shouldn't take too long.
My bullishiness is deeply rooted in the below pattern: Cup & Handle! Look at the steps the prices are making, it's the Stairway to Wealth!
XVG/BTC is as bullish in that the Cup & Handle Pattern is coupled with an a,b,c,d,e triangle. The 0.00000313 BTC target is a stepping stone on the way to higher highs. Look at the chart of ETH...it has exact salme a,b,c,d,e pattern and it has nearly doubled!
The video has lots more details on how to deal with emotional/psychological distress experienced whenever a healthy correction occurs. It's normal to feel these...but not healthy to profits. I explain how to manage these in the video.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
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ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**