If you look at the 1 Day graph, you will see that Verge has broken the support of 1 day. Goes to BUY zone the levels. BUY zone is around 0,00000251 BTC and we may reach somewhat lower levels 0,00000180.
The graph shows that we are heading to these levels.
More than a month ago I wrote about these levels, This is cyclical similar to Ripple price.
Macbeth182
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@KrasimirDimitrov, i checked it when i saw your last XVG's TA. also i know that the XVG's price depend at BTC price, maybe u r right, but i dont / i cant to believe of a price dump like u wrote. I think the xvg now playing about confidence of investors. but thx for TA, I hope u r wrong :)
Timothie_Roggers
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@Macbeth182, 500% loss is impossible fool. you can only have 100% loss in which case you lose everything.
Macbeth182
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@Timothie_Roggers, maybe i am wrote it wrong. but i know ppl which bought at 1800. how loss they have now, when current price is 450 sat ?
Macbeth182
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@Macbeth182, maybe i should to wrote, that the price is approx 5x lower than during they bought. sorry for misunderstanding :) GL in crypto
k6
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From an elliot perspective your buy zone implies a cross into wave 1 territory in wave 4. This is not allowed by elliot rules, So i disagree that it will get that low. I appreciate you sharing your work, thank you
KrasimirDimitrov
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@k6, It is also possible at a low price, This is a close example. At high volume, it is possible for the price to be slightly lower.