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Verge (XVG/BTC) 4hr tf analysis: Patience required

Price close of ~0.00000327 on March 18,2018 has been identified in this analysis as the termination point of a Primary wave degree i.e. wave ((X)) or an intermediate wave degree i.e. wave (C).

VERGE

Besides, minor wave W at ~0.00000985 on April 03,2018 is the latest pivot for XVG/BTC. The implication of the above is that minor wave X should follow after which minor wave Y will see Verge (XVG/BTC) move past its latest high (~0.00001044) on April 03,2018. A reactionary wave (or correction) from the most recent high would argue for higher prices in Verge (XVG/BTC).

 

Failure to establish a corrective wave from the most recent high means XVG/BTC should work its way back down and reach at least ~0.00000327.

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