Verge correction to 680 Sat possible
- After the big spike we had no real correction until now.
- We formed a rising wedge and we broke below it.
- We formed a small head and shoulders pattern.
- The RSI ist on a steady downfall.
- We are forming a perfect Elliott Wave Pattern and we are currently on the 5th now.
The strong supportline is nearby 680 Sat and it's possible that we will drop to it.
- We formed a rising wedge and we broke below it.
- We formed a small head and shoulders pattern.
- The RSI ist on a steady downfall.
- We are forming a perfect Elliott Wave Pattern and we are currently on the 5th now.
The strong supportline is nearby 680 Sat and it's possible that we will drop to it.
We are still holding on the strong supportline nearby 700 (everybody sets buy orders at 700 sat)
It looks like that we are forming a double bottom, which is very bullish.
Be cautious and happy trading. :-)