SUMMARY
VERGE (XVG) is one of my favorite coins! The Technical Analysis is just pristine BULLISH! The below chart shows the updated Elliott Waves and short term targets. Wave (i) and (ii) are complete and the so Wave (iii) is in progress and the blue subwaves outline the price pathway. The video has tons more details!
The below shows the combination of Chart Pattern and Elliott Waves. The comingling of these two methods provide a powerful algorithm to reproducibly and accurately project price pathway from a probabilistic point of view. Check out the Bullish Ascending Right Triangle! If this is labeled using a,b,c,d,e (blue); the destination is confirmed...UP! At $.043; that >400% profit potential!!
Below is the XVG/BTC pair. Admire the Cup & Handle and now a gigantic a,b,c,d,e triangle in progress! This triangle has waves d and e to complete and so, laggin the XVG/USD pair. However, the expected breakout from this baby will be a site to behold!
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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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.**