SUMMARY
Here is a short term analysis of VERGE (XVG). The correction took the shape of a downward pointing bull flag which is counted as a,b,c,d,e. As the e wave is sitting on the bottom of the channel line, price propensity is to rise an it sure did! I'm targeting $0.48 or HIGHER as shown by the Elliott Waves.
The XVG/BTC pair is screaming up! TWO factors caused this. First is BTC's correction which naturally raises any /BTC pair and second, demand outstripping the pace of Bitcoin's rise itself. This iS VERY BULLISH! Short term target is 1,740 Satoshi or HIGHER!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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