What is going on with VERGE? Road to $1!
I wanted to give an update on verge and lay the facts the way they are at this moment. I notice every time I look at new charts for verge there's some clown posting about a potential breakout that's going to skyrocket it in a day or two. So no, I am going to tell you the way it is (ACCORDING TO MY PERSPECTIVE).
So here's what is going on:
Verge is currently a coin that is still in it's infant stage. What does that mean? Here's a cliche metaphor to help you understand: Verge currently heavily relies on Bitcoin (it's parent) to hold it's hand and help through it's growth. When bitcoin is strong and healthy it's able to nurture the alt coins (children's) growth. BUT, what happens when bitcoin falls sick? The alt's have to find ways to do things themselves. Think of a 4 year old child left completely alone for awhile. It's all over the place! (I'm sorry for this cliche metaphor again)
Now, with most of the "adult" stage coins for e.g. EOS, VEN, VIBE etc. They're able to get back on their feet and recoup the damage when the parent falls sick.
This is the stage we are currently in. It's extremely tough to do and TA's on smaller coins right now as things can be manipulated easily at this time. As we saw yesterday, verge literally got pumped and dumped.
So, as you can see my chart currently does NOT show any type of SHORT-TERM projections for Verge, and until BTC gets back on it's feet; it won't. I realize a-lot of people look at my chart and put their hard earned money with my projections. So I would NOT want to give any false hope, until I am sure.
TIP:
If you see people drawing the triangle formation on their chart. They are WRONG, that does not apply anymore, as it already finished long time ago. This is just my tip, rest is up to you. ;)
Anyways, I'm working on more coins that are fighting through this market and performing well! I posted about EOS yesterday and it's panning out the way i thought! Check it out!
So here's what is going on:
Verge is currently a coin that is still in it's infant stage. What does that mean? Here's a cliche metaphor to help you understand: Verge currently heavily relies on Bitcoin (it's parent) to hold it's hand and help through it's growth. When bitcoin is strong and healthy it's able to nurture the alt coins (children's) growth. BUT, what happens when bitcoin falls sick? The alt's have to find ways to do things themselves. Think of a 4 year old child left completely alone for awhile. It's all over the place! (I'm sorry for this cliche metaphor again)
Now, with most of the "adult" stage coins for e.g. EOS, VEN, VIBE etc. They're able to get back on their feet and recoup the damage when the parent falls sick.
This is the stage we are currently in. It's extremely tough to do and TA's on smaller coins right now as things can be manipulated easily at this time. As we saw yesterday, verge literally got pumped and dumped.
So, as you can see my chart currently does NOT show any type of SHORT-TERM projections for Verge, and until BTC gets back on it's feet; it won't. I realize a-lot of people look at my chart and put their hard earned money with my projections. So I would NOT want to give any false hope, until I am sure.
TIP:
If you see people drawing the triangle formation on their chart. They are WRONG, that does not apply anymore, as it already finished long time ago. This is just my tip, rest is up to you. ;)
Anyways, I'm working on more coins that are fighting through this market and performing well! I posted about EOS yesterday and it's panning out the way i thought! Check it out!
Comment:
TYPO: **"and until BTC gets back on it's feet; I WONT"***.
If you guys think I should post that too, let me know.