Hi, there. To make it quick: After the great bull-run across alts, which helped Verge a lot and has been foreseen by Fred, we are facing another great chance of taking 10-15% profits.
Before I continue, please make sure to visit Fred's Discord to talks predictions, trading and cryptos!
Since we are not sure yet at this point if the alt-season re-initiates, we are looking for the down-sides first. And Verge / BTC is one of the interesting pairs as of Fred in short-term.
As you can see below, a drop to 213 sats* level on Fred's level 1 lows is very likely and backed by the current situation (see the 4hr chart for verge):
Level 1 highs for Verge
Since it is to be expected to bounce off from the support at this level we are are going to see a potential up to 240 sats at Fred's level 1 highs:
Level 1 lows for Verge
If those lows aren't going to be reached and the resistance at 240 sats is breaking, then we might see a true large-scale bull-run and it is recommended to check Fred's level 2 highs at the time when it's happening.
Summary
Targeting a drop to 213 sats and a high to 240 sats levels would bring a nice 10%-15% gain potential. In the case of a failing level 1 low hit, but breaking 240 sats straight, would likely put Verge into a large-scale bull-run.
This article has been made with the help of Fred (CoinStudio) and a lot of love.
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