SUMMARY
VERGE (XVG) is showing a rather bullish wedge that broke out and price worked to put in wave 1 and is likely still working to finish wave 2. While wave 1 isn't the most beautiful impulse; it is acceptable given the bullish background in Cryptosphere.
The subwaves have been labeled and the corrective abc shows that C is complete with all five subwves. This gives good odds that the resumption of the uptrend could start.
The blue waves show the projection of the next round of impulse waves. Some are calling for the Head & Shoulders top formation; but this is a topping formation and they don't show up at the bottom of a correction.
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An uptrend is definitely in the future.
It appears that the market in general is flating around this week. Acummulating to get more strenght movement.
I agree, to me it seems like the price has stabilized and money should start coming back in. Bitcoin is already up $5k since the bottom in February.
Always enjoy the Verge updates, thanks @haejin!
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I guess you haven't heard of http://coinmetro.info Price projections: https://xcmprice.com
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Great @Haejin! How about Stellar Lumens (XLM)? Thank you so much for sticking it out here and congrats on your success, I hope one day they manage to get rid of the pesky bots for good!!
I'll post an analysis on XLM tomorrow.
Uber BOOLISH implications
I hope you’re right about Verge because I have faithfully invested in them for a while now. If Verge ever gains any respect, it could be a big winner for me and a lot of others who believe in it’s value. Thanks for the post. @Gregcar48
Wouldn't it be more beneficial to do alts against BTC? If BTC goes up in dollar value, so do many of the alts
sometimes they do, sometimes not at all
As always great info and analysis Thanks @journeyfreedom
thank you haejin :)
Nice post 😍😍😍
Thanks for the update.
Are any of the following coins worth it: KRB HUSH XP ?
I noticed that you avoid analysing them (i asked before). Do I take it they are not good and you dont want to create enemity with their devs?
Can you do ACT?
Also great news for Tron, despite all the FUD tron had, its looking damn strong! CANT SPELL STRONG WITHOUT TRON! :)
We've been hearing that since 201
Nice! Good news... Upvote 🔥
I hope verge will go that rise so I can sell allmy holdings I buy a lot when its price seat on $0.26 and I lost a lot..😢
Well buy now when it's 500. It won't be soon again 1600 but it's easy going to 800
thanks once again for your helpful posts on new emerging good crypto coins....kudos mate
THX. . RESTEEEEM!!!:)
I post good quality memes, to entertain The Whole Community, check my timeline!!!
I post good quality memes, to entertain The Whole Community, check my timeline!!!
i m really sick of all these weird predictions. First i was so happy and felt unique to find haejin but now it s just boring and not usefull at all for ME. Nothing is going to happen within the next weeks exactly like the last weeks. If it goes 30% up all people cry for moooooon and 2 days later everything is back to the ground. I hold a lot xvg which i bought expensive (0,25) and i hodl to death. In my newbie opion it will reach 0,25 again and i think it will be this year but not within the next weeks or 1-2-3 months. Just my 250k xvg
Good analysis. Not a fan of XVG fundamentally, however it can be a very profitable coin to trade!
I think the same as you for any investment you have to consult a professional
Verge biggest threat lies on their delivery and their competitors.
Ive got quite a large position on verge and really hope the run does come, the market has been flat for weeks so im just increasing my positions on other alt coins
good post, I really like, good luck, hope we become good friends
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i can't wait for verge to breakout on technicals and on facts
Coins mentioned in post:
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That's what the current condition in my country tend to make me offer myself
i like xvg very much from the idea, and the x17 as a mining algo as well, mined just a few thousend vergecoines on myself in 2016, BIGUP
Bullish wedge with continuation from wave 1 sort of looks similar for the ZEC/BTC chart
Would love to see your updated thoughts on ZCASH for btc and usd pairs
Thnx again @haejin love your work
from what i read in lots of places i think Verge has huge potential to pop!
Hodling, cheers.
Lets hit a dollar verge!