Analysis of Verge (XVG)
Latest Verge analysis. Things are starting to look quite bullish again for Verge.
The 4 hour looks very much like an inverted head and shoulders pattern, with us currently at the bottom (technically top) of inverted shoulder 2. This also fits nicely into a typically elliot wave correction with prices close to the bottom of wave 5 of c.
On the larger scale wave 3 is approaching soon and prices could exceed the last rise to $0.12 as we break the neckline of the ih+s. Projected price for this is $0.18 using fib ratio.
This is my primary count. Although should we decisively break the lower trend line holding is1 and is2 and breach a price of $0.024 this count will be rendered invalid.
very good, but LS, c of wave 2 seems incomplete still. But I think the pattern will play out like you have shown.
Cheers legend, only time will tell but its looking good so far. As you know BTC price usually affects ALT movements so if your prediction of upcoming wave 3 is correct for BTC this could be the fuel for the same wave in XVG. Fingers crossed!
Analysis of Verge (XVG), good.
this is an intresting analysis