Legendary XVG Short: DONT be fooled! Another Desc Scallop 450ish

BINANCE:XVGBTC   Verge / Bitcoin

Another quick update for your favorite Legendary $XVG Short.

I believe a desc scallop with a target of 448-462 is deceiving some folx today. If I was you, I'd get out on this peak, in order to re-buy at least around 450 - if not our ultimate 390 target. BUT, I'm not you, and this is NOT professional trading/investing advice!

We might see a bit of juice yet, but we gotta break 600 before we can start to consider anything.

Could be a big risk! This coin is about to explode as soon as it breaks out. I bet a single day candle could reach the top of our 6mos triangle, once it happens. Maaaybe 2 days, as we may need one to break us back through the bottom line of our 6mos triangle or something.


Good luck!

Original Legendary $XVG Short call from May 2nd:

Comment: Whelp...It's been quite a ride this month & a half, with all of you. What a legendary go - One for the books, if I say so myself!

I'm sorry I could not update at the floor today, as I was soft-banned for posting the discord link in the above thread. I posted that when I was on a premium trial account, and it is now against the rules as I am back to a free account. - I digress.

My XVG bags were heaaavyyy this morning near the floor. It felt SO good hopping back into my beloved Verge. Flipped em all at 440 a bit ago. There is still a possible maybe potential for 450-453 to hit.

Whoever caught the max range easily had 10% gains today.

The best part?


This rising wedge targets 385, but I'm not sure if we'll get that low. We'll have to see.

410 fits more in line with a Wyckoff bottom - at least at this next touchdown. So, I've adjusted my hit-box slightly, as you can see.

I will most definitely be picking up every bit that I can in the 420-385 range, again.

Remember - it's all about those 1% quick gains, and you only need 4 sats 1.30% with XVG right now.


(I can't wait to type "xvglong" in the tags of my Verge updates.)

Comment: Apologies on the late/no updates! I've been traveling out of state for the last week and will be doing so for another week. Sorta inconvenient timing as far as Legendary XVG Shorts are concerned ;)

I scooped my whole bag up again at 364-366. I can sell now for a nice 4-7% gain, which I'm going to do. However, it could scooch just a bit higher (389-398), so i'll just be laddering out throughout the 80/90s.

I personally see 322 still in the cards. Although it's a rather difficult read right now with BTC 0.18% doing w/e it wants lol.

We'll just have to wait and see!


Comment: **Hey all! Sorry for the late update, as I'm still traveling. I'll be back to my regular posting schedule on Wednesday, July 4th.**


XVG looks to have achieved it's first successful breakout from our big beautiful falling wedge that began with the PH spike & dump turning point back in April!

This could be it! We still have a ways to go, and we probably need BTC 4.34% to be a reverse too. BTC 4.34% looks like 6725ish is in sight, then a Right Shoulder formation that could go as low as 6100. This would be an inverse H&S with a target of 7400ish - around mid July or so. That's just my guess for now.

Always look out for throwback & pullback!

Hopefully I can get a read on some reversal patterns for XVG for you all as soon as I get some time, so we can start hitting/flipping more short-term targets.

Cheers! Good luck out there!

Comment: Gettin a little bolder here with my riskiest call yet - a short-term long calling targets & timing. I'll probably get slapped with the reality of the unpredictability of markets, lol. Oh well, just for fun!

I'm seeing a few bullish patterns forming since the breakout from our wedge . An asc scallop or two, an inverse asc scallop and possibly a (series of) inverse H&S . As well as some cup & handles, maybe?!

Much is still yet to be confirmed, but this is my bullish PoV as of right now.

All of these are targeting 460-500. I'd like to see it happen in the next 36-72 hours. Funny enough, that'd be a nice height for what could become an even larger asc scallop - which I have drawn in white.

Don't get me wrong - I still see the potential for a dip, but it sh/wouldn't be much. Below 375 would be somewhat unexpected for me.

Fair warning: Use caution if trying to trade based on this - it is not trading/financial advice and I do not expect it to be SUPER accurate.

Cheers, y'all!

**PS: I have a super speculative theorized roadmap/private chart laid out all the way to 900s for anyone who is interested in seeing it. DM me, if so.**

Comment: The Legend is coming to fruition... 



I think your on point id say 442 bottom!
+1 Reply
jmC3PO randoo29

The target listed here, is just my target for that desc scallop.

My ultimate bottom is closer to 380-400.
@jmC3PO, wow, 435 now! 400 incoming. Nice work man.
I joined the discord chat... though seems mostly like day trading chat, entry levels to get small % out of large volume coins.
@jmC3PO, Hey jmc3P0. I was watching xvg at 406 sats today and then saw it bounce hard. Question: do you think we’ve seen the bottom? I’ve been on the chat you mentioned and there’s a ton of noise there. Is there a board there with lessons or something? I’d love to pick up some more trading skillz. Thanks man for the great charts. Hopefully I haven’t missed the xvg low boat!
jmC3PO sasquatron

Apologies as I got a 3 hour soft ban today for posting the discord link, haha...oops!

In short, no. I believe we are about to finally hit the target after a turn around at 450-453.

Come find me in there. Same name.
hmm so what do you make of this random pump, was 480 the bottom and xvg just drew an ugly chart with no bull wick... if it can hold 500 ill prolly go all in and pray
jmC3PO randoo29

...what random pump? that was a weaaak correction after free-falling for a straight month.

Click the play button on my chart up above. See the orange line right to the left of the word 'Target'? That is doing it's best holding as a support, but will soon break and turn into resistance. Then you shall see your drop.
jmC3PO jmC3PO

so, the correction was enough to pierce that same orange line, but the 6mos supp turned into resistance when it was sliced like butter on the 28th. That is what rejected it. We must dip & accumulate before making another run at it.

@jmC3PO, I am holding off on purchasing any xvg right now until we drop a little more but i am nervous that with the meet up coming this week the price is not going any further down. The orange line is still holding........ for now. I hope your prediction is right!
jmC3PO jplisson99

Hmm, I don't understand what the meet-up has to do with it at all...
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