Descending triangle formed. Dangerous time for XVG

BITTREX:XVGBTC   Verge / Bitcoin
I think XVG is at a tipping point yet again. A descending triangle has formed which is likely to fall down to previous support. The only thing that can break this and return it to an upward trend is the pending news on the 17th.... Good potential buy in point if it walls down to the next level of support. If the "news" is not as good as expected I expect this will be devastating for VERGE
That's a little extreme...devastating? Plus, its crypto man...can hold onto anything for a month and it comes back. Verge will be fine. Laddered buys from 1045 to 865. Happy camper.
anthony_aj1 xxxSALTHEART
@xxxSALTHEART, Thanks heaps for your reply. Im always happy to hear others thoughts and why im wrong/wright.. I hope I am wrong! haha.
I like this coin and the Developer however I think the community is becoming very tired and frustrated with them though. I'm pretty concerned that as i said, if the news isn't truly as good as Sunerok claimed it to be they will lose a lot of faith and its value will slump...
+1 Reply
xxxSALTHEART anthony_aj1
@anthony_aj1, Oh I don't have any doubt about that. The question is whether if this is a sell off right now prior to the news or if we will see a pump before and then the sell off. Hard to know...I'm not a huge xvg proponent but I think they will ultimately have a very good year. Sorry if my earlier response came off sharp. Tired, going to bed lol.
anthony_aj1 xxxSALTHEART
@xxxSALTHEART, Very good point about the "sell off". The big guys dropping the value to get the weak hands to sell up, just for them to buy it all back up?
No stress man. in my opinion the news sounds really promising !
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