$XVG Verge - What do you see? Interesting long term outlook ...
Perhaps you guys and gals can build on this chart with the following considered:
I couldn't get the ruler to stick but the first triangle broke out around 190 days after the initial impulse. We are currently around 185 days in our current triangle.
I truly hate the fact bitcoin is currently married to alts and can only hope Verge will soon show the altcoin world how to brake its shackles with their upcoming long-awaited new tech and releases. I think in anticipation of these, we may see an impulse up toward the upper trend line. It may break down into a bull trap around .50 cents or something before heading back in the direction of $5-$10.
Also notice the repeating U-pattern volume waves. I think we are on for the next push.
How about you?
I couldn't get the ruler to stick but the first triangle broke out around 190 days after the initial impulse. We are currently around 185 days in our current triangle.
I truly hate the fact bitcoin is currently married to alts and can only hope Verge will soon show the altcoin world how to brake its shackles with their upcoming long-awaited new tech and releases. I think in anticipation of these, we may see an impulse up toward the upper trend line. It may break down into a bull trap around .50 cents or something before heading back in the direction of $5-$10.
Also notice the repeating U-pattern volume waves. I think we are on for the next push.
How about you?
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