With the current price action it's evident that since August 2018 Verge has actually been in a downwards descending channel.
The last two times the price touched the bottom wall of the channel we bounced back around 70%.
I expect the price to go down to 90 sats then bounce back to 128 within a matter of a week.
Stop loss should be set at 85 sats in case we break below the channel.
On the way down the next two major supports are 80 and 54 sat.
The last two times the price touched the bottom wall of the channel we bounced back around 70%.
I expect the price to go down to 90 sats then bounce back to 128 within a matter of a week.
Stop loss should be set at 85 sats in case we break below the channel.
On the way down the next two major supports are 80 and 54 sat.
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