Thoughts on Verge Support and resistance levels

in #cryptocurrency7 years ago

Hello all and a happy new years!

New steemit user here and I am excited to be part of the community!

So as everyone is probably wondering, What the hell is going on with verge? Is wraith here? Are we all being scammed? Do I go #trxgang or #xvggang?

As i don't want to get into the politics of verge and as a fellow verge hodler myself i drew out critical levels for all of us to watch out for.The market will do what it wants to do. Now keep in mind its a 4h chart so you wont be able to see exact detail(and i apologize) but it gives a good estimate of what to keep an eye out for.

https://www.tradingview.com/i/mG6GUbIa/

It is worth mentioning that it is still hard to determine where in the correction we are> i drew a simple ABC correction. The c leg i put in different fib levels. If and when we aproach the .618 fib level, be on the lookout for price action. This will be a crucial level as it was the lowest lows in the past few days.

full interactive chart

https://www.tradingview.com/chart/XVGBTC/mG6GUbIa-Verge-4-hour-Support-and-resistance/

I wish everyone a wonderful night and i hope i can help someone!

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If I look at bitcoin prices now, I ll get dizzy because I ve sold them

Ha when did you sell?

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