fractal box 1 labeled in white, is it time to complete its destiny? and go parabolic? if only history repeated itself....
Fractal box 2 labeled in blue.
none of this happens without volume. so where the volume at?
adopt verge. become family.
Trade active
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KEEP an eye out for XVG over the next few days/weeks. but the next 3-7 days will definitely paint a clearer picture as to what is going on with the price movement/direction.
BUT, all eyes on BTC which is heading back down to 7k or below. It has to retest this area, and i fear it may capitulate huge sell offs to go sub 7k. Lets see how the BTC price movement progresses....maybe that BTC gets dumped into XVG :)
Trade active
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probably gonna need to check back in September for a more complete picture. But i expect some more incremental lower lows, down to 197satoshi range and maybe even 167 range if that don't hold.
HOLD ON TO YOUR XVG TOKENS if you have them already. markets are trading thinnnnnn at this range and while u may be able to jump out now, the way up always is faster than u expect. assuming we see a turnaround :)
regardless, this coin has a huge community backing - it is up on the yearly price, and if we only see 1 parabolic growth per year, it aint too bad :)
In my view, Verge does not react to TA but it does strongly react to FA. The 1st pump was due to Mcafee stating that verge could reached $15. The pump was insane. The 2nd pump occurred as a result of the announcement of some amazing partnership. A small pump is likely after release of new wallet but the 3rd big pump will occur upon the announcement that the new code is about to be released. Accumulate anything under 300 SAT and be prepared to wait to the end of the year.
DukeDinhd6
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patience grasshopper
astoinis
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@DukeDinhd6, verge is the tester of patience. but anyone who is patient enough and disciplined in their strategy with verge - can make a sh*t of BTC. this is not my first dabble with XVG....the vision is LONG. Dont care how long the hold is required, verge will have its day (even if just a day!) at some point in the relatively near future.
eduardokaykedasilva
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Friend see my chart, what do you think? I did it a few weeks ago, but I think it still works.
astoinis
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@eduardokaykedasilva, i think we see the same thing. but i believe that what i am attempting to solve with TA, is price direction (first and most important you get this right first) and then the target range becomes important. I have no idea how long or what time this will happen, but i think the next rally for Verge before it goes nuts is will happen slowly. It will take some time to set up the coin for the best market conditions to allow such a massive gain. we need to buy more time tho. this correction has been deeper than the last, so it may take investors more time to get convinced of the trade.
astoinis
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optimistic look if we starting a new set of impulse waves up.