Short
XVG Verge the first to start completion of the WXY Correction?
With Verge dropping a massive 30% just today, massive sell volume on this crypto. Could be the completion of a running flat and the X part of a complex correction and a continuation to the down side. We can still have a potential break above the last high, doesnt change the stucture however we can also move down from here. My initial entry target was way down below the slast swing low and found it highly suspect XVG moved so much in the short time however here we go.
Wave movement anticiaption has been drawn on chart, we should see the zigzags mocing down. ABCD move down brings us to the completion of the W correction which also ties up together to the various trendlines, 100-1.27 Fib ext of the initial down wave and a prefect entry for the real bull run.
Wave movement anticiaption has been drawn on chart, we should see the zigzags mocing down. ABCD move down brings us to the completion of the W correction which also ties up together to the various trendlines, 100-1.27 Fib ext of the initial down wave and a prefect entry for the real bull run.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.