Verge #XVGBTC - trendline battle and growth possibility!

BITTREX:XVGBTC   Verge / Bitcoin

The price of Verge's cryptocurrency still remains in the consolidation zone, although it seems that the well for Wave 2 was counted at 0.000090 and now the price is trying to hit the top towards wave (A) highs at 0.00001718.

Main trend: UP

Intermediate trend: UP

Daily trend: UP / NEUTRAL (continuation of the correction)

Key levels:

- for further increases - level 0.00001614 and later 0.00001373

- for continuing correction - level 0.00001228 and later 0.00001371

- for the continuation of decreases - the level is 0.0000090

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PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 50 likes. :)
Trade active: The wave 2 is getting more extended in time and price. Next target 0.0000080. Rebound is still possible, but the level of 0.0000080 can NOT be violated!
Trade active: Buyback range: 0.0000080 - 0.0000090. :)
Trade active: The cryptocurrency is still closed in the consolidation zone. Important levels on which you can buyback this cryptocurrency remain unchanged.
Trade active: The price is evolving into more complex and time-consuming correction. The most important levels are: lower golden trend line support and technical support at the level of 0.0000085.
Order cancelled: No possibility of an impulsive wave to the upside at the moment. The golden trend line is now the key dynamic resistance and as long as it holds, the market will not rally higher.
Please notice the support levels might be broken soo and wave C to the downside will unfold.
Comment: Trade active: The correction has ended at the level marked in the previous analysis. Now the level of 0.00001243 is the key to further growth.
Comment: Small wave 1 done?
Trade active: The complex correction evolved into WXYXZ pattern, but it is still the wave 2/A. Moreover, the market is starting to look like a Rising Wedge pattern as well.
Only a sustained (!) breakout from the wedge will trigger an impulsive wave progression to the upside. The level of 1065 is the key resistance level.
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updates please!! nice charts, thanks!
+1 Reply
I bought at 0.00033400 Eth, i think around .25 that time...i am really stuck...what should i do?? ...i used 5 eth to buy verg...i want a way out..should i sell at loss or hold? thank u
+1 Reply
@Mfsmy, Wait.
+1 Reply
Mfsmy sebastian.seliga.7
@sebastian.seliga.7, thank u sir:)
@Mfsmy-If i was in your shoes, selling now only confirms your loss..I would hold, not for the sake of the project (as I know there are a lot of opinions) but because this will recover at some point in time. Patience is the hard part! A lot of folks are in the same position as you with this and TRX. people are exiting the because they feel they have lost money, you haven't lost yet, these markets are volatile and unfortunately, your buy was at the top... the more people that are selling at losses the more bearish the charts will become.. at that same time, smart money will be buying at the bottom.. good luck with whatever you decide. I hope this was helpful.
+2 Reply
Mfsmy r7gravitter
@r7gravitter, i am holding
trx too..i have already decided to hold them tightly till the death apart us :) no worries no rushes.....thanks for ur reply and wish u luck.
@Mfsmy, wait
no nareszcie wróclies z tego piwa ;)
pisze po polsku, wiekszy fun sword innojezycznych stworzen ;)
cisze sie, ze juz jestes, bo sie przez weekend poruszalem troche po omacku.
Do milego !
+1 Reply
Hope to see a flash crash @ 0.7 !!!!
+1 Reply
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