VERG (XVG/BTC) Target: 0.000000313 (372% Profit Potential!!)
SUMMARY
Sorry, I left out the xvg/btc pair chart and analysis! So, the below chart shows a prominent cup & handle pattern that was executed with a surge of price out of the handle formation. The "Hurry Up & Wait" syndrome is not escapable by any altcoin! Sure enough, XVG/BTC started correcting and boy has it taken its time!
The combination of Chart Pattern Recognition and Elliott Waves is a powerful algorithm to identify the most probable price pathway! The pattern shown is a symmetrical triangle of the a,b,c,d,e type. The waves a,b and c are complete and that leaves an upward push towards the upper white line to complete the wave d and then one more smaller down for the e wave. This way, the correction would be complete. Then an impulse set of waves woudl carry XVG/BTC to all time new highs at 0.00000313 BTC or 372% Profit Potential from current levels.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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
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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.**
you're the best! ill be powering up my steempower today for you!
Sorry, but something doesn't match your chart. I mean, price doomed to 69 sats, it broke support. How can you tell us that we can expect 300 sats short term EVEN $5 by next year? You are gonna lose your credibility.
Thank you Haejin!
Your technical analysis are a pleasure for the community!
Could you please do an update on Stratis?
Strat shows the hurry up and wait syndrome from the finest sort. It looks like it could finally move up in dezember.
Additionally, the volume has reversed it's downtrend per coinmarketcap.
Thanks H! Love the Verge. Would love to hear and update on BTG or SAFEX. Thanks sir!
thanks for the infos ;)
Hi Haejin, any analysis for Ark? Thanks for your work sir. /respect
Haejin can you please do an update on short term and long term for verge? Blessings
In your previous post you predicted $0.04-0.05 short term, now $0.02?
.02 is shorter term
He didnt deleted his previous post, its still valid: https://steemit.com/bitcoin/@haejin/verge-xvg-has-a-2-100x-profit-potential-check-out-this-analysis
Look good to the chart, he is just zooms in for short therm. It wil hit 0.0238 in the first week of december :)
Thank you!