So I'm a holder of VERGE for a long time now. The chart has never been one that gave me a lot of hope, but I do see potential in the concept, development, and the near rabid community that supports it. Check any poll or list that allows voting on crypto and you will see the Verge community come out in full support. I've done a fib retracement here on the entire...
Here we can observe a Falling Wedge pattern in progress with XVG. Maybe we will witness a new All Time High within the next uptrend.
Oversold right at support line means a huge bounce if we hold, going to break immediate downtrend and oscillate back up through higher downtrend.
Since the elliott wave didnt performed uptrend, as showed us in the wave 5, the corrective wave ABC went downtrend, but didnt break the support, so its a good signal that can goes reversal and finally uptrend in next days.
Seems like Verge is going strong along the resistance downtrend line, with a good point of reversal ahead if RSI goes above 50 driving us to 70 and making a double top and further a uptrend line breaking the downtrend resistance line, finally. Its time for Verge!
Bottom support line Verge currency