In few days we will see big drops in Verge, if you like risky can buy at 680 sat, next level to buy is 490 satoschi. Buying now is very riky because verge is very pumped, and a lot of people want to make profits. You just look at the past.
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. (s/o to Wikipedia for the definition because I'm too lazy to type one up) XVG
The Head and Shoulders pattern is typically a bearish sign of a trend reversal. We see one having appeared here and at the moment we are just at the neckline. If the neckline is broken we may see a continued trend reversal. But we have also seen this pattern reverse and lead into another bull run. What I am most uncertain about in this analysis is the volume. As...
I found some support zones with fibonacci retraction. Verge is coming out of a bullish triangle. And possibly another triangle will form after this correction.
One of the few privacy focus coins $0.10 Psychological + Supply roughly 90% circulating "cheap buying season almost over"
VTC after making a double top, lost almost half of its value in past few days. This presents a significant buy opportunity, followed by lucrative targets. Currently we are observing formation of a possible inverse H&S. Buy order should be placed above the H&S confirmation level (0.00053). Also, note that 50MA is coinciding with the H&S confirmation level and acts...
Q4 Roadmap goals are near. Verge in USD is seeing all time highs. Supply speculation. Compare Verge 16.5 billion max 14.3 billion circulating, All time high .009usd and 224 satoshi. "Ripple" "100 Billion max" 38.7 billion in circulation, All time high .42usd and 23,000 satoshi. Cardano 45 billion max 25.9 billion in circulation, All time high .16 usd and 1600...
Lines are self-evident. Both the log and non-log 4H chart looks like a bullish ascending right triangle. The shape really becomes discernible on the log chart. Combined with what looks like a recent ABCDE Elliot Wave correction triangle pattern forming, expecting a bullish rally into the next month or two.
XVG had quite an exciting run a couple weeks ago. Whether considered a pump and dump or too much excitement surrounding the release of it's new platform, Wraith Protocol, which unfortunately did not meet the deadline the public was expecting. Since, it has dropped lower, and lower, and lower still until it has been literally hovering on top of it's long term...
Bitcoin has been seeing ATH while Verge has been consistent with being stable bouncing within 100 sat over 6 months with much respect to the trend line and support at 80 sat. Price targets 120, 180, 250, all very reasonable. After updates, Tor integration, I2P android wallet, wraith protocol "Optional private ledger", VISP, wallet UI overhaul, atomic swap, update...
Just an observation - what do you all think? Check out the similar circled downtrend patterns. Can we expect a huge IMPULSE BREAKOUT?!