Verge (XVG) Going At It Again or ABC Correction?
Updated
We are bullish long-term on Verge (XVGBTC) and all other altcoins pairs/cryptocurrency projects...
But, what is happening now with this XVG chart?
We are seeing many altcoins that just continue to go, they are growing and continue to grow, so we can expect the same here right?
Maybe.
It is possible we are witnessing the classic ABC Correction from EW Theory.
The dashed blue line on the chart is the support.
Below this line, we are likely to see XVGBTC complete the ABC wave and hit lower.
But if somehow XVGBTC manages to stay up, we can expect more bullish action and additional growth.
This is a very simple spot for us, since we buy at the bottom, right now we only wait patiently and continue selling on the way up.
See it below
Thanks a lot for your support.
Namaste.
But, what is happening now with this XVG chart?
We are seeing many altcoins that just continue to go, they are growing and continue to grow, so we can expect the same here right?
Maybe.
It is possible we are witnessing the classic ABC Correction from EW Theory.
The dashed blue line on the chart is the support.
Below this line, we are likely to see XVGBTC complete the ABC wave and hit lower.
But if somehow XVGBTC manages to stay up, we can expect more bullish action and additional growth.
This is a very simple spot for us, since we buy at the bottom, right now we only wait patiently and continue selling on the way up.
See it below
Thanks a lot for your support.
Namaste.
Comment
Looking good so far...Waiting for stronger signals before sharing a new update.
Comment
Done... Here is your update as requested...Verge | Bottom Line Is Bullish
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lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
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