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Indicators on the daily chart show Verge is poised to test a new breakout to higher highs. The MACD is wanting to cross over with the RSI already showing signs of a change towards the upside. The Stoch RSI last at these heights while ascending was at 300+ sats which we subsequently rose above 1400 sats. While a complete trend reversal will be confirmed after...

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After hitting a higher high the correction we're undergoing could be an WXY and then onto a 5th wave upwards.

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Just for fun, a potential way the Ascending Wedge can play out

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A projection of how the Elliot wave patterns could play out with a Wave 3 1:1.618 value of Wave 1.

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Verge just broke an RSI channel its been in since the run up to the April 17th announcement. More to come.

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The past 24h have seen many calls of a reversal and uptrend underway. A bearish scenario is still a possibility if not highly probable. Without breaching the prior support of 739 on Binance, Verge bounced off of it and failed, rejecting it with lower highs with each impulse up. Without being able to sustain a closing candle above the prior support now resistance...

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Zooming out from the 1h and 4h charts we can see the development of a symmetrical triangle. Weather we go down to test the lower trend line remains to be seen. A layover of the Fib levels from December and April show an overlap at the 1010-1020 range that could prove to be difficult resistance to overcome when we begin up-trending again. The 100 EMA on the daily...

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Verge broke its prior support of 739 dropping down to 721 before rebounding up to 761. It's currently hovering around its previous support line. March 18th Trend Line combined with previous resistances, price action areas and fib lines show a possible movement towards the 520 to 650 region if price continues to decline further below the 739 prior support line.

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Verge broke out of its pattern. It was sandwiched by an upper and lower trend line. 100 and 55 EMA also added pressure with the price being able to break above even the 8, 13 and 31 EMA. Prior low of 739 (Binance) will confirm a lower low and possibility of a falling wedge pattern. This is a bullish pattern that once complete will bring us to enter a new impulse...

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Threshold for breakout lowering as time closes in on Trend Resistance and Trend Support. Time will tell if we break to the upside and onwards towards 880 or downwards below 750.

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For the past two days the price has been oscillating around the 776 sat mark and in the past day around the 782 mark. The price is narrowing in on an apex and breakout point. A break above 790 would break the trend resistance from the post-announcement dump's next high until now. A breakout would give us the momentum needed to continue on upwards to test the 880...

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Verge breakout past 820 was rejected by trend resistance. Further attempts at the trend line will be needed. Primary and Secondary regions give Verge this chance. Critical support levels need to be adhered to. Failure to hold critical support could take us on a journey down tot he 0.236 fib level in the 500s. Breakout from trend resistance will put us on the path...

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XVG held against the 0.382 Fib level and can move upwards to test the 0.5 Fib level at 880 in the near term.

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XVG has been forming support between the 750 and 800 range for the past 24 hours and is looking to break back into the 800s.