Verge #XVGBTC - trendline battle and growth possibility!
Updated
TECHNICAL ANALYSIS:
The price of Verge's cryptocurrency still remains in the consolidation zone, although it seems that the well for Wave 2 was counted at 0.000090 and now the price is trying to hit the top towards wave (A) highs at 0.00001718.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key levels:
- for further increases - level 0.00001614 and later 0.00001373
- for continuing correction - level 0.00001228 and later 0.00001371
- for the continuation of decreases - the level is 0.0000090
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The price of Verge's cryptocurrency still remains in the consolidation zone, although it seems that the well for Wave 2 was counted at 0.000090 and now the price is trying to hit the top towards wave (A) highs at 0.00001718.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key levels:
- for further increases - level 0.00001614 and later 0.00001373
- for continuing correction - level 0.00001228 and later 0.00001371
- for the continuation of decreases - the level is 0.0000090
PS: Be sure to follow me!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 50 likes. :)
Trade active
The wave 2 is getting more extended in time and price. Next target 0.0000080. Rebound is still possible, but the level of 0.0000080 can NOT be violated!Note
Trade active
Buyback range: 0.0000080 - 0.0000090. :)Trade active
The cryptocurrency is still closed in the consolidation zone. Important levels on which you can buyback this cryptocurrency remain unchanged.Trade active
The price is evolving into more complex and time-consuming correction. The most important levels are: lower golden trend line support and technical support at the level of 0.0000085.Order cancelled
No possibility of an impulsive wave to the upside at the moment. The golden trend line is now the key dynamic resistance and as long as it holds, the market will not rally higher.Please notice the support levels might be broken soo and wave C to the downside will unfold.
Note
Trade active: The correction has ended at the level marked in the previous analysis. Now the level of 0.00001243 is the key to further growth. Note
Small wave 1 done?Trade active
The complex correction evolved into WXYXZ pattern, but it is still the wave 2/A. Moreover, the market is starting to look like a Rising Wedge pattern as well.Only a sustained (!) breakout from the wedge will trigger an impulsive wave progression to the upside. The level of 1065 is the key resistance level.
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