Verium has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Verium began a wave one advance on August 1. The wave one finished on August 3, and the wave two correction ended on August 14. If this wave count is correct, Verium should be heading next towards the August 3 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe Verium is currently in the wave five (sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Verium will takeout the August 3 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Verium will drop below the August 1 low".
If you think Verium is in a range, upvote this post and upvote the comment "Verium will stay in a trading range between the August 1 low and the August 3 peak until September 19".
You can upvote the comment until 3 PM EST August 20 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.