Verge (XVG) Going At It Again or ABC Correction?

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.

評論:

Looking good so far...

Waiting for stronger signals before sharing a new update.

評論:

Done... Here is your update as requested...

Verge | Bottom Line Is Bullish