Let's get a few things straight.
1. We had a failed breakout sequence. What does that mean? NOTHING. It's the market telling us that it needs more time. Hence the triangle expands slightly.
2. We're looking at an ABC corrective sequence now.
3. MY targets are still pretty much the same.
My speculation was that the last breakout was due to market manipulation (caused by news, announcements, promotion etc.). This driving force causes a sort of temporary imbalance in the overall natural growth of a given market. Infact, if you look before the breakout of the failed wave, you can see that verge was trading at almost the same range at what it is now. It can be said that it is now continuing to finish off its last spell of corrective sequence (which it was initially).
I am studying/working on a few more coins to update you guys on. I'll upload if people wish to see more. It takes time to do these and I want to make sure I am providing people will the best results possible.
Donate if you like my work and I will keep updating:
Verge Wallet: DLpqiricBRkcomEDrxxt1pZZXuJFXmhhsb
BTC Wallet: 1PJE2EaMaWisxj1DGBueyRjfEw7moexDyt