Verge has found its support line after the huge drop post wraith protocol nonsense. We can see a classic Elliot Wave formation. Squeeze Momentum is increasing on the negative side meaning a positive movement is coming after a period of negative volatility. Additionally we see the moving average catching up to the price. All signs are bullish! Ride the 5th wave long and hard.
@mrtgkr72, I would rather read why YOU think its wrong. The same wave correlates on the 1 day charts. The initial wave 12-13 to 12-24 (1st wave) followed by a drop 12-25 to 12-28 (2nd wave) then an increase 12-28 to 12-31 (3rd wave which can be the shortest) and then 1-01 to 1-03 we get a second drop (4th wave). All you got left is the 5th wave. The above chart is the 1 hour chart zoomed out to get a better picture but irregardless that is an Elliot Wave.
"On a smaller scale, within each of the impulsive waves, five waves can again be found. In this smaller pattern, the same pattern repeats itself ad infinitum. These ever-smaller patterns are labeled as different wave degrees in the Elliott Wave Principle."
viparmenia
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wraith protocol nonsense was purely Marketing disaster - coders were doing their jobs, but there were no official marketing group to present everything correctly.
Now the marketing seems works and the real move due to Wraith Protokol comes.
steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin
steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections