XVG falling back into the old correction channel?
It looks like Verge is falling back in it's old correction channel after the Mindgeek announcement. (green bar was the announcement)
Still early but the first uptrend stopped at the top of the old channel, if this is the case it is normal for Verge to drop further. Likely till the 0.5 lvl assuming rather bullish Elliott wave structure.
We will have to see in the coming days how the announcement will effect this structure and if it actually will further follow the old channel.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
Still early but the first uptrend stopped at the top of the old channel, if this is the case it is normal for Verge to drop further. Likely till the 0.5 lvl assuming rather bullish Elliott wave structure.
We will have to see in the coming days how the announcement will effect this structure and if it actually will further follow the old channel.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
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