SUMMARY
Verge (XVG/USD) is sitting at the bottom of the horizontal chanel. The a,b,c,d,e waves are nearly complete, if not already. This would complete the blue wave 2 and that means blue wave 3 is next. So, now would be an ideal time to ladder in! Ready for ALL time NEW HIGHS?
The Cup & Handle pattern is present in BOTH the /usd and /btc pairs! Price is sitting at support on the bottom of the triangle line and d should take XVG/BTC to 0.00000161 BTC or higher. However, this is an a,b,c,d,e symmetrical triangle and that means wave e is still on deck. It will also explain how XVG/BTC will be lagging behind XVG/USD in price action. No worries, one can then use the /USD pair as the leading indicator for the /BTC pair.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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