Verge has been under a lot of FUD recently. "Some" if you guys are following verge, are intentional FUD, to buy in further during a dip! I myself increased my stake by 30% when it fell to $0.12.
We are definitely in a very huge consolidation.
There are a few views on Elliot wave for this, which I can only elaborate further when I get back to my trade desk.
But one thing for sure, we are in a long consolidation. Charts don't lie, this coul very well be its last wave of correction "E" before a major up swing!
As most of you elliot wave chartist should know, 1-2-3-4-5 A-B-C. Let me elaborate this further in my next post.
But at the moment, we could be in either a complex corrective pattern, or we could be in wave 4 aiming for wave 5.
Either ways, we want to remain bullish. We are still 300million away from the trillion dollar market cap. A lot of money to be poured every where! If we are in a game of musical chairs, the song has barely played for A min in a 4min song!
Please comment and let me know you are interested in these. I don't need an upvote, just a follow will be great and maybe a comment if you want to interact with me!