dctobkk
Long

Verge XVG fully retraced and ready to go?

BITTREX:XVGBTC   Verge / Bitcoin
So I'm a holder of VERGE for a long time now. The chart has never been one that gave me a lot of hope, but I do see potential in the concept, development, and the near rabid community that supports it. Check any poll or list that allows voting on crypto and you will see the Verge community come out in full support. I've done a fib retracement here on the entire move up it made earlier this year and it seems that we have retraced the 61.8%. We have a few symmetrical triangles forming in both short and long term. The technicals still in many ways shows potential for continued downtrend, but I believe coming news of RSK             smart contracts, Tor/I2P Android wallet releases will pop Verge up. As mentioned, I'm a holder so all of this is moot in the short term. Long term, if Verge plays its cards right, we could see this become one of the top 2 privacy coins, most likely alongside Monero (I don't really consider DASH a privacy coin anymore).
Trade closed: stop reached: Verge found a new low. Was hoping for the best and something else happened. Well at least it's on sale now.
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