TECHNICAL ANALYSIS:
- VERGE/XVG is going through an extended correction - or a WXY Correction
- This happens when the impulse wave up fails, as denoted by the "X"
- Possibility for further correction denoted by the yellow dotted lines
- Both results will end in the same place
- Bull Flag Pattern on the 4 hour chart
- Breakout above 860 satoshi will confirm the next wave up
- Swing trade set up and targets have not changed - LINK
- 200 EMA acting as support at 823 satoshi
- Long term targets of 1500 satoshi and 2000 satoshi are still viable and in play
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I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is a way for me to document my own personal analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to learn how to trade and invest, see my previous post - LINK.