$xvg Verge has been forming a falling wedge since april 2019 and unsuccessfully tried to break out 4 times.
The pressure on the dynamic resistance (green line) is now huge as we are approaching the bottom level around 38 sats.
Verge has to break out no later than September 10th or we will explore new lows around 32 sats.
If xvg breaks out the first target will be...
Most people thought that BTC broke out from its symetrical traingle on april 12th.
But the volume was way to low. This is what we call a Fake break out.
BTC is still in the triangle and currently at the apex.
Get ready for some major moves ( if the volume increases).
First Target would be 10k USD, quickly followed by 11.5k. Long term target is 22k