Log charts shows you sometimes details that with linear one are not apparent.
This idea is quite simple.
The natural growth of Verge is inside this channel. End of 2017 Verge got crazy, found support just one time on the top of the channel and then fell again inside. It crashed against the top of the channel one month later confirming the bearish momentum.
Actually verge is evolving inside a triangle. In my opinion it will find the strenght to touch again the upper line of this triangle in the next weeks. Frome there the last correction before the big pump.
September 2018.
There verge will find three important supports that will strongly reject verge bearish intentions.
The first is the basis of the triangle, which is also inside the demand zone. It will also find the basis of the channel and last but not least the strong dotted resistance line who rejected 3 times verge before to open the doors to the big pump of end 2017. This Resistance will be transformed in support and it will be very reactive.
From there another bullish cycle will beginn. There are a lot of take profit inbetween, but if Verge is on the verge, it will reach the top of the channel again 1 dollar for 1 Verge
Ultra bullish
BIO
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Verge as other altcoins corrected more than bitcoin. This divergence between bitcoin and altcoin is an extremely interesting move, because it could signals that trade of the btc pairs is increasing, what would confirm a return of the bulls. Rsi and macd in the daily timeframe is going in the hot zone and the last weeks formed a contracting triangle. I m still positive for the short term
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Ready to go till 179
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the trendline is this one. Support on the breakout level
Still hold your chart. Septeber maybe etf Tokensuisse fore Verge. New codebase is comming, debitcards and RSK.
Holllandd1
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Wow lets hope you are right. We will see. Thanks fore the idea
hooman1604
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VERGE
A truly decentralized project working with some of the most talented minds – Why do I say this
Has anyone heard of RSK smart contracts? (The world’s most secure smart contract) They are a very well respected and well-funded project working with some of the world’s best scientists and engineers. RSK recognized the talent of Justin Vendetta (Verge dev) reached out to Verge so they can work together – how is that for massive credibility / trust towards Verge?
RSK will be integrated into Verge and as a result Verge will reap all of the technological benefits including
- Being able to deploy or build any dApp onto Verge (meaning here we have a unique project that is not only a privacy coin but will basically be able to do what Etherium & EOS does as well) – If you do your research you will see that RSK smart contracts will definitely be giving Etherium & EOS a run for their money as they are developing very superior tech.
- RSK will launch Lumino. A combination of the best features of Lighting and Raiden network – Before end of the year RSK hope to launch this which will allow for 20,000 transacitons per second
- Verge will also be able to achieve decentralized cross chain trading via Saturn network (which will run off RSK - icobench.com/ico/saturn-protocol
- Various existing and new dApps are either already being planned to be moved over or be newly born once RSK is fully integrated into Verge
There will also be many other technological benefits that Verge will reap from RSK - for anyone that is interested to do more research here is the direct link - rsk.co/
Why will Verge succeed?
The single most important mission for any project that has a working product is MASS ADOPTION – Verge is always moving forward with the intention of mass adoption - Apart from getting on new exchanges how does a project reach those who are outside of the crypo community?
Verge has the answer to that as they have partnered with Token Pay who have acquired 9.9% of a German bank with the option to make full purchase pending regulatory approval (which is very close) TokenPay CEO Derek Capo has been working tirelessly with regulators in order to make sure that Verge, Litecoin and TokenPay debit cards will be released – For any challenge that they have faced a clear solution has been found and implemented.
What else is yet to come?
- New codebase (not to be underestimated) as it is stated it will be rivaling bitcoin’s codebase - Verge Dev (Justin Vendetta) Stated in a recent interview that the new codebase has been completed and that other Verge Dev members are now testing it prior to official release
- 3 NDA’s yet to be announced
- New Blackpaper (with additional 10-15 pages)
- Ring CT integration
- Official iOS wallet + updates
- I2P Android wallet
- Mining update
- New Vendors
- New exchanges
- Merchandise store
Although Verge has had it's ups and downs they have learnt from the past and are fully focused moving forward - full steam ahead!