Good morning everyone!
Per request, here is an analysis on Verge (XVG), a very promising crypto. This is not me speaking, this is John McAfee's words (google's your friend). Was that the event justifying the last bull run up to $0.29? You got 2h. (just kidding!)
I had posted a chart a few days ago about a possible bull flag. Did it confirm? Well, yes and no. Except if we consider it a giant bull flag. But XVG does not need this to go up. First, let's take a look at a tentative pattern recognition:
I must admit I for one am not convinced by my counting for wave A, but it does not matter, destination's the same. And more importantly, look what we 've got here: a single 5-3-5 zig zag correction that retraced beautifully down to Fib 0.618. Wave (v) of C might not be in yet, however if we take a look at the bigger picture, this is what one may call "very promising" (4 hour chart):
How handsome! Now let's try and see where this could lead us. I think this is what @haejin might call the "jaws of wealth":
Mid term targer: $0.70; Long term target: $1. Only time will tell, but remember that after a correction, a new set of impulse waves shall be ready to start. Still, news or events shall arrive to justify the forecast.
Enjoy the ride!
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Thanks for reading me, I'd appreciate an upvote if you enjoyed this technical analysis. Also Don't forget to FOLLOW me & Resteem !!!
Remember this article is not intended to guarantee any gain nor encourage you to invest in any way! This is just for your information.
You could even consider offering me a beer! ;)
ETH 0x7f6A03620BCaDaFCb76E0B0E253F4bF50b6f8A24
BTC 1JPARFZfvrdj9VgNxcvq8D9G3dc5X113Wd
BCH 13R98Ggzuq5NZx5AnguMkNXs3qmBMhPqvg
Have a good one!