Hey legends!
Hoping youve all had a good week - the crytosphere has been extremely volatile these last weeks and weve seen some huge drops since the christmas/new year period. But i predict there is light at the end of the tunnel - at least for Verge!
After my last post prediction came to fruition and ALMOST dropped between $0.08 - 0.06 (it hit $0.057!) i am restored with confidence in my current count. From the 3 wave impulse we had on verge 3 weeks ago there was then an additional ABC EXPANDED flat correction, with a huge B wave to take its current high to $0.30. I used fibonacci retracements to predict the drop from $0.30 to $0.06 and i believe that is the lowest it will go for now.
HOWEVER, i still believe we are technically in a corrective phase and that we are now on to wave B of another expanded flat correction in the higher degree. The last expanded flat B wave was roughly 2.618x longer than the A wave. If we apply the same theory to the higher degree and daily chart that price projection at 2.618 increased length will be roughly $0.70. After that there will be an absolutely humungous drop before the final 5th wave taking Verge into orbit.
The trendlines are simply guidelines but have worked well so far in predictions with my analysis.
This is only my personal prediction of chart analysis and should not be taken as trading advice! Thanks for looking and have an awesome week!