Right now, everything is on sale as the cyrpto market corrects.
For now, Verge has found support at the .382 level (800 sats) and if this is the end of the correction (possible) then we should begin a new 5 wave impulse that reaches 3200 sats or 1.618% of the previous high of 2000 sats.
However, if Bitcoin corrects further, down to say $8000 (or I'm even seeing calls of 6k in chat now) then verge could drop lower to the next support.
Heck of a buying opportunity today.
評論
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Quick thing to note.
Wave 5 on the chart (3200 sats) is wave 3 of the bigger 5 wave impulse. In the larger scale:
Wave 1 took us to 2000 sats Wave 3 should take us to 3200 sats Wave 5 should take us 5200 sats.
Time frame is weeks; I think we'll see 5200 sats in February.
Yikes. I went into a meeting for a couple hours and came out to XVG @ 600.
Right now XVG is bouncing decently off the 600 sat level and back to 680.
raadim
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more like 500 sats I would say. Might be good time to enter.
Hommi
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Market is reacting to news, everything is highly unpredictable. I would advise everyone to be extremely cautious.
Buy in pieces :)
I have set my buy order at 700 sats, but I think we will visit below 600 sats this week :(
crypto_rse
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Are you sure now we're trading at 780 sat In that case 800 is a resistance line?
jdharward
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@rsedaaghi, It can drop below 800 and be OK, you just don't want it to drop much beyond 800.
Next support level is .236, around 515 sats.
crypto_rse
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@jdharward, I hope it doesn't reach that level. Fingers crossed. I have panic selled a lot! :|
Right now XVG is bouncing decently off the 600 sat level and back to 680.