SUMMARY
VERG (XVG) has an amazing multi-year future and targets. Any investor who becomes confined to a naroow time band perspective will suffer from cyclical bouts of fear and greed. I assure you, there is no happiness to be found in such a state! The biggest indicator clue of such a suffering state is usually when one starts blaming everyone except themselves for whatever losses.
XVG shows that wxyxz correction could be complete as shown in below chart. In the last update, I had posted a smaller wedge fractal but that has been updated as a bull flag. From the looks of it, the breakout from the large wedge can be labeled as an abc or as the start of an impulse. Yes, there is a certain degree of subjectivity to Elliott Waves. IF price breakout continues by breaching out of the small bull flag, it likely would do so in an impulsive manner.
I know that while wave 1 doesn't look very impulsive; I assure you, I've seen uglier wave 1s, a five wave impulse has been labeled to project a potential bullish outlook. Having said that, IF wave 2 is near completion or already so, the wave 3,4 and 5 should drive towards higher prices. It can be very exciting once the onset matures.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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