ethan_ng
Singkat

XVG entering last leg of the bull run

BITTREX:XVGBTC   Verge / Bitcoin
Everything is falling in place for this analysis. Here are the values to take note of:

0.0000126-129
target: 1467
Short: 1827, 1981
Mid: 2000

Signs of reverse trend: 0.00000987
Komen: Stop hit. Look out for BTC movement. Expected resistance for BTC at 15.3k zone.
Dagangan ditutup: hentian tercapai: I hope my early Stop has helped cut your losses. Stay tuned for an updated analysis
Do you still feel that XVG will move upwards or will it continue on its downward slope? There is a lot of negative chatter on Twitter about the coin, although developers and other supporters have chimed in to give support.
Balas
Btw it doesn't need to break through 1981 SATS to confirm elliot wave...the 5th wave regularly doesn't retrace back up to the 3rd. As typically the 3rd is the most extended wave of the pattern.

The theory only has 3 rules:
1. Wave 3 is not the shortest of the waves.
2. Wave 2 does not retrace 100% of Wave 1
3. Wave 4 does not overlap into the price range of wave 1(Counting closes, not wicks) - Exception is only made if the ABC correction ends in a diagonal Triangle.

Only way this doesn't confirm Elliot's Wave theory is if the price drives back below in Wave 1.
+1 Balas
ethan_ng hyiero
@hyiero, hi, by characteristic, wave 5 should be higher. But on that last point, you're right :)
Balas
Here's to hoping you're right. getting tired of the XVG fanboys
+1 Balas
so were saying it will drop to 987 before reversing, and then continue up, or you think that after this were downhill for the forseeable future
Balas
Dorian942 thereynolds9420
@thereynolds9420, It will not drop again i guess
Balas
ethan_ng thereynolds9420
@thereynolds9420, if it goes to 987, it means that it is not following predicted trend and another TA must be done as there are a lot of factors to consider when it touches that value. (ex. Trade volume / BTC prices / news)

TLDR; most likely it will continue downhill but we are not sure for how long.
Balas
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