michel.gotta

Downtrend till end of February?

BITTREX:XVGBTC   Verge / Bitcoin
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3
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After breaking the 0,000006 support the price could move down to 0,000003 till mid or end of February. Verge is going to be a great product with a real USP but it is vulnerable for hype, FUD and whales try to pull the price down to buy back low. Let's hope after the lowest lows we will see verge resurrect and finds a realistic price.
It's a simplistic channel drawing and you didn't take in consideration the RSI nor the MACD which are now way overbought.
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capola capola
@capola, I mean oversold, sorry.
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Yep, down till Feb 10th, consolidating for a week and up starting 18th. Don't see it going lower then 400sat though.
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