XVG final drop before announcement

Verge broke out of the downward channel and is forming a new Elliott wave structure, the correction from the last bull run (wave 1) is taking place and will meet at the bottom with today's Verge announcement (GREEN VERTICAL BAR).
After the Verge announcement, price will prob. increase more then usual. and start a big second wave.
Potential last buy area: 1240 till 1200 range.

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