February: Important month for Verge

I was skeptical of Verge at first, especially after they failed wraith release a few times, leaving a bad taste in people's mouths. Delivering promises on time is a big thing for crypto hodlers. However, lately they seem to be redeeming themselves, and coming out with lots of exciting new developments. I am bullish long term. Short term, I could see the price falling as low as 650 satoshis, but I think that would be short lived if it happens. In my opinion, February will be an important month to watch the direction of Verge. It would be ideal to wait for reversal signals on daily chart to confirm upward trend before buying in.

Buy in: 650-850

Short term:

Target 1: 1005

Target 2: 1150

Target 3: 1490

Mid-Long:

Target 4: 1820+

*Sorry about that first chart, don't know what happened with that trend line! here's the edited version:

Note

Short term still looks like we're headed down. Closing in on my mid 600 satoshi target. If that breaks, I wouldn't be surprised to see 400's unfortunately. Again, I reiterate, do not buy until the indicators indicate trend reversal.

Note

Next target 442 satoshis. it could bounce back before then, but don't get caught in a trap. wait for mac d to cross on the 1 day chart and set tight stop losses.

Note

We can see that bullish momentum is returning to Verge. It has just broken its long term downtrend. If candle closes above 760 levels it would make good entry for long term buy.

Note

bull never return to verge. i would not buy now. maybe sub 200 satoshis

kolhaj

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

kolhaj

Also on: