Hi Traders!
We hope you are doing well. BTC is recovering. Let’s wait till G20 Summit in Argentina (19-22.07.18) where countries will be talking inter alia about legalisation of cryptocurrencies and in general about blockchain technology.
Rumour has it that main players (countries) will be willing to incorporate cryptocurrencies in their legal system. Time will tell.
Meanwhile we observed great undervalued project which you probably well know.
Verge is very much undervalued. We are at the very bottom at Fibonacci scale.
Last ride took place from mid March till mid April 2018 even though BTC was falling.
So here are details from technical analysis shouting BUY ME.
Fibonacci levels:
Target 1: 0.00000609
Target 2: 0.00000766
Target 3: 0.00000893
Target 4: 0.00001021
Target 5: 0.00001202
Target 6: 0.00001433 (ATH)
Target 7: 0.00002100 (new ATH)
Stop – loss: 0.0000354
So guys we have plenty room to grow. We need more volume but be patient.
Guys keep watching the chart. Control your assets.
If you like our job don’t forget to give a like and follow our profile for further updates and analysis.
Thank you for being here.
HUGS!
Your WBM Team
We hope you are doing well. BTC is recovering. Let’s wait till G20 Summit in Argentina (19-22.07.18) where countries will be talking inter alia about legalisation of cryptocurrencies and in general about blockchain technology.
Rumour has it that main players (countries) will be willing to incorporate cryptocurrencies in their legal system. Time will tell.
Meanwhile we observed great undervalued project which you probably well know.
Verge is very much undervalued. We are at the very bottom at Fibonacci scale.
Last ride took place from mid March till mid April 2018 even though BTC was falling.
So here are details from technical analysis shouting BUY ME.
- Long term double bottom shape
- Elliot Wave(A-C) – correction has been finished
- New Elliot Wave pattern expected (1-5)
- Very low at Fib scale – we touched previous low
- MACD – bull’s cross
- RSI – strong oversold zone – time to buy
- According to the Visible Range we are much below “fair” price which is at 800st. We are also below the lower part of the Volume Area.
Volume Area states price range where, in our case, 70% of people bought their coins. It means they won’t be willing to sale as they bougt for higher price.This will make price demand.
Fibonacci levels:
Target 1: 0.00000609
Target 2: 0.00000766
Target 3: 0.00000893
Target 4: 0.00001021
Target 5: 0.00001202
Target 6: 0.00001433 (ATH)
Target 7: 0.00002100 (new ATH)
Stop – loss: 0.0000354
So guys we have plenty room to grow. We need more volume but be patient.
Guys keep watching the chart. Control your assets.
If you like our job don’t forget to give a like and follow our profile for further updates and analysis.
Thank you for being here.
HUGS!
Your WBM Team
Comment:
Better insight for XVG BTC comparison mentioned in the text
Comment:
still needs volume
