SUMMARY
I think Verge (XVG/USD) showed it's hands during the recent five wave impulse (blue). Its intent is not to crash but to rise in a trend reversal. The correction is likely not complete as shown by the red ABC waves. It'll probably be a case of A being longer than C; but wave C still must consist of five subwaves (white).
The long term remains unchanged. The contours of the price bars are still shaping out to be a rounded formation. IF this is correct and price adheres to the pattern, then blue wave 2 should complete next week so that blue wave 3 can commenced. The MACD is also suggesting that a large upsurge is coming given how its coiled and ready to burst.
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