Verge has clearly been consolidating for the past few days inside this nice wedge/pennant. Keep your eyes on this as a break in the trend lines would indicate a break out in either an upward or downward direction, although my bet is that it will be a bull run!
@raadim, It broke out of the triangle, but came back in. If you look at the XVG/BTC pair, there is an even larger triangle of consolidation and it keeps bouncing inside. possible it could take a few days for it to finally go.
JulCan
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It broke to the up....What is your target and time frame???
MrCookenstein
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@JulCan, If it breaks the 1300 Sat resistance, it could easily keep going for a few days. I've heard estimates of 2000 sats. Personally I think this is easily a $8-10 coin. I will be holding on to a good amount for quite some time.
MrCookenstein
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@JulCan, Still needs to break the 4h line on ETH for a major conformation. What we're seeing now is great so far, but I think we need a little more before we can really get excited.
MrCookenstein
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@JulCan, With Wraith Protocol release it will go through the moon, all the way to Saturn where it will make its home. HODL MAN HODL