Updated
XVG/BTC - Bullish Divergence and potential IH&S
Taking a closer look in 4 hour TF, I notice an IH&S. The volume confirmation is there and the RSI shows bullish divergence. In addition, the MACD is curling.
With the Verge Amsterdam meet up on June 9th, I'm expecting positive news from this community.
Given these clues, I am bullish on verge.
Please bear in mind, this is only my opinion hence make of it what you wish. This is not an advice nor recommendation to either buy or sell. It's only meant for use as an informative or entertainment purposes.
With the Verge Amsterdam meet up on June 9th, I'm expecting positive news from this community.
Given these clues, I am bullish on verge.
Please bear in mind, this is only my opinion hence make of it what you wish. This is not an advice nor recommendation to either buy or sell. It's only meant for use as an informative or entertainment purposes.
Note
Below is the link to the bigger picture of the pathway 
XVG may take.I have done an EW count, currently in wave 3.
Fib extensions show potential targets :
Target 1: 1588 Satoshi (Fib ext 1:1)
Target 2: 2270 Satoshi (Fib ext 1.618:1)
Note
Update for 02-JUN-2018 on a micro-level:Here is my EW Count on a 2 hr TF.
Only my opinion. I may be right or I may be wrong,
Note
Sorry I meant 06-JUN-2018.And notice the bullish spinning top candle. Forgot to highlight that.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.