Based on the last rally and utilizing mostly fib retracement to estimate a buy location (without signals), I'm seeing we'll enter a buy area within the next couple hours while creating a bullish flag or pennant (more likely a flag), then we should begin the rally into a Christmas morning surprise completing at $0.529 or nearly half way to Ripple's value. Ripple...
Hey all, pretty new at this, and I love the community and ideas here. I have been watching XVG/BTC for a while and has been exploding. Is it due for a correction? If so, might be a good time to lock in some profit and wait for the correction around 1150? Good luck and happy trading
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. (s/o to Wikipedia for the definition because I'm too lazy to type one up) XVG
Cup and Handle. Bullish sign that the consolidation is over and the bulls are starting to take over the balance of power. This coin has been really chomping to take off but the 20 and 30 BTC sell walls which are placed all over the first 50 orders in the book have been successfully stopping what could have been some very strong upward momentum. At the time of...
Near term ascending triangle getting ready to close on Verge. Crazy to think that after it's already insane rise that it's about to go up even further, but we are in the beginning of the craziest alt season yet.
I'm seeing Verge is Bullish with the flag nearly formed, which will signal the continuation of the previous 300% rally, for an additional 300%. The additional 300% appears to have a starting position right near the 61% Fib retracement line. Also, Ichimoku shows we'll be touching the shoulder of support for a likely push upward. Expect this to start tonight or...
The Head and Shoulders pattern is typically a bearish sign of a trend reversal. We see one having appeared here and at the moment we are just at the neckline. If the neckline is broken we may see a continued trend reversal. But we have also seen this pattern reverse and lead into another bull run. What I am most uncertain about in this analysis is the volume. As...
I found some support zones with fibonacci retraction. Verge is coming out of a bullish triangle. And possibly another triangle will form after this correction.
VTC after making a double top, lost almost half of its value in past few days. This presents a significant buy opportunity, followed by lucrative targets. Currently we are observing formation of a possible inverse H&S. Buy order should be placed above the H&S confirmation level (0.00053). Also, note that 50MA is coinciding with the H&S confirmation level and acts...
Lines are self-evident. Both the log and non-log 4H chart looks like a bullish ascending right triangle. The shape really becomes discernible on the log chart. Combined with what looks like a recent ABCDE Elliot Wave correction triangle pattern forming, expecting a bullish rally into the next month or two.
Bitcoin has been seeing ATH while Verge has been consistent with being stable bouncing within 100 sat over 6 months with much respect to the trend line and support at 80 sat. Price targets 120, 180, 250, all very reasonable. After updates, Tor integration, I2P android wallet, wraith protocol "Optional private ledger", VISP, wallet UI overhaul, atomic swap, update...
Just an observation - what do you all think? Check out the similar circled downtrend patterns. Can we expect a huge IMPULSE BREAKOUT?!