We all remember when we were Vergins before the massive pump... Well things come full circle, especially for VERGE currently. TA BELOW!
wassup
We'll start with a short TA:
Since verge's MASSIVE rise of around 100x, we have seen a massive decrease in volume. This behavior is typical of a market shedding weak hand and MASSIVE sell offs. Many of the holders (and rightfully so) took profits on their holdings.
We can see that many trades, however happened between 1000 and 1200 sats.
This might indicate that the price could very well rise back to that price.
Zooming in to the 2 week view and recent spike we can see that the calm before the storm may be coming to an end!
Much of the volume is still well below the majority of the spike of the price rise.
At the 1 week view, we can see that this spike is rather small to the big picture, volume wise, but is still a significant marker of what may be to come.
This is mostly hype, probably, and if I were wanting to buy in, I would wait to let the price fall more. Let the game come to you and you could probably capitalize on a greater than 10% extra return.
Thanks!
Thank you! I really appreciate the comment!
This volume profile is actually great and its pointing for a way more room to go upside
price will tend to go to the spike zone in vol most likely, lots of people trapped there.
I had to do it!
AHAHHAHHA
super cool
Is great!. Like this!.
Intersting chart read but I see going sideways between 6c-8c. Its slowed down doing its higher highs.
yeah it's important to know your timescale
LOL BISH CONNKECT!!!
I like your work dear
You and analyst @salahuddin2004 are two top analysts of cryptoworld.
WOW what a compliment @umerfarooqorak! I am a student before all, and will continue to learn, but I appreciate your support!!!!
You are master
ummm @umerfarooqorak what is the meaning of this?? How can there be 3 top two analysts??? I call BS on empty flattery! I think @salahuddin2004 has some nice dedicated shill accts ;P
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Good analysis!
My analysis for Verge
https://steemit.com/bitcoin/@analysisman/analysis-verge-xvgbtc-breakout-projection
nice!
Thanks
My analysis for Ripple
https://steemit.com/bitcoin/@analysisman/analysis-ripple-xrpbtc-support-fibonacci-retraction-and-projection
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IT is very funny for me...
Idk why ppl investing their all life savings into scam projects...