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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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**