Is Verge ready to shoot up ?
Trade active:
Well, allmost all coins are going south because of the negative news, Verge is not an exeption. After completing abc correction, price got little up, and started to drift down.
I would say, if negative news keeps comming, price can reach support line at around 500 sat. which coinsides with 0.786% fibs level.
I place stop at 423 sat.
I would say, if negative news keeps comming, price can reach support line at around 500 sat. which coinsides with 0.786% fibs level.
I place stop at 423 sat.
Trade active:
Price consolidates about 625 area, still looking for the upside move. We'll see how it goes.
Comment:
78,6 fibo level looks strong, and price just slides along that level. If price breaks down, watch for 88.6 level, at around 300 sat. Upside is around the corner...