There are two possibilities as demonstrated in the chart.
The volume is dropping and it can't sustain the high price anymore. Its going to drop to support and test it, if it fails more correction will occur.
The volume is dropping and it can't sustain the high price anymore. Its going to drop to support and test it, if it fails more correction will occur.
Trade ist aktiv:
Support is reached, either more correction or a rebound. But will be a while for a rebound not today or tomorrow.
Kommentar:
Going to the lower support, specially with BTC going up.
Kommentar:
So it dropped to 800 which is the 2nd support then bounced back up to the first support right away.
Now the first support is acting as a resistance because every time verge attempts to break out of it, it falls back down again.
Now the first support is acting as a resistance because every time verge attempts to break out of it, it falls back down again.
Trade geschlossen: Ziel wurde erreicht:
Going to close the trade as its. Both supports regions indicated were touched.
Kommentar:
Going to drop a lot after McAfee's last tweet. (he just posted it)
Kommentar:
Current price is 1060 sat. Huge drop soon. If you are in Verge and you are following me, SELL.
Kommentar:
He said that he expected verge to be 0.015$, so I'm expecting since he made the pump he will cause the price to reach 0.015$. Which kind off isn't a big drop since the current price is 0.016$. Ignore what I wrote, I over reacted.
Trade geschlossen: Ziel wurde erreicht:
Dropped inside the lower support region again.
Kommentar:
New verge analysis
