DCFreak

Verge - Correction time?

שורט
DCFreak מעודכן   
BITTREX:XVGBTC   Verge / Bitcoin
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.
עסקה פעילה:
Support is reached, either more correction or a rebound. But will be a while for a rebound not today or tomorrow.
הערה:
Going to the lower support, specially with BTC going up.
הערה:
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.
עסקה סגורה: היעד הושג:
Going to close the trade as its. Both supports regions indicated were touched.
הערה:
Going to drop a lot after McAfee's last tweet. (he just posted it)
הערה:
Current price is 1060 sat. Huge drop soon. If you are in Verge and you are following me, SELL.
הערה:
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.
עסקה סגורה: היעד הושג:
Dropped inside the lower support region again.
הערה:
New verge analysis


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