Using Fibonacci and elliott wave theory here it looks like verge is in wave 5 territory. Targets are based off of a 1:1 extension of wave 3 and also 1.618 extension. This coupled with all of the positive moves the company itself has been showing makes me extremely bullish on this coin right now. This is just my basic analysis of this and some may see it differently but this looks to be a good trading setup for right now. Have a good night everyone and thank you for viewing and thanks in advance for any thumbs up or comments. As always please make sure you do your own research as im not a financial advisor, just here trying to share my thoughts and work together to be successful traders
Comment:
So far everything is looking right on target for verge as we just missed the conservative price target so im taking some profit here. Im going to ride this out a little bit longer and see what happens, macd and trendlines still look bullish but this was a nice gain from a few days ago. I hope you all made some profit from this trade and if you did please feel free to follow me and check out my other charts. Happy trading everyone and have a good night
Trade closed: target reached:
conservative target was hit and profit locked in on the way down, looking for a good entry point and stop loss ahead of tomorrows announcement. The news will definitely be boom or bust and its anyones guess which way it will go but i will make sure im holding a small position before the announcement with a buy order set in case of great news with stop loss in case of not so great news haha. For those holding big bags i hope its as big as the hype