Important Verge Update. XVG BREAKOUT!?
After nearly a month of stagnation induced by a long consolidation phase, it appears that XVG is in the midst of a major breakout. The currency is currently up 100-200 sats on the hour at the time of this writing, and it has risen somewhat since the screenshot was taken. Does this represent the road to new all time highs with XVG? As discussed in my previous post, Elliot wave analysis and pattern recognition indicated that after a strong impulse wave, XVG was in a final consolidation period under (A-C-E triangle). The analysis suggested that fulfillment of the E wave would induce a quick breakout. The breakout has occurred almost exactly on schedule according to my analysis. The timing of this breakout demonstrates a significant fractal symmetry of the XVG chart.
Keep it real
@mxcrypt
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BTC Wallet - 3PPENyabp2gsEfNahLyhMsgdwtjbodrtFm
ETH Wallet - 0x7792cB95e9faa8B4049c88dD0dD567Cb843bc696
LTC Wallet - MXDmNsYKccTxnyXe4vpq3XrbstHsKex9S9
Legal Note: These solely my own ideas. This is by no means professional financial advice and I cannot be held accountable for any investment decisions undertaken by reading this article.
I really have some catching up to do on all these new techs and chains
Not understanding the hype behind Verge. There is no problem being solved by this coin. Why would you buy this coin over Monero, etc?
This is based solely on technical analysis (i.e. the actions of price). Analysis aside, I think there might be some use for XVG in the future. Good privacy coins are generally going to find some demand.