Could Verge be done with it's correction? There is a possibility that we have one more low to hit. Before the recent price decline from around 550 I spotted a bear triangle. I targeted the triangle to drop down to around 446 target. The chart below shows how we headed south out of our triangle to our low of 482. Although not the best indicator of a new low, we missed the mark by 40+. This was the first signal that a new low might be coming.
The second sign is our bear triangle that was put together over the night and this morning. It started out as motive waves but then sort of morphed into side wise price action. The break out at the bottom of the triangle was another indicator that we maybe headed south again.
This does not mean that the motive wave we started is over as both routes are still in play here. I am leaning towards a new low like the triangles suggest. The new low does not change our overall outcome or potential price targets. It just means that we have to wait a tad longer. 482 is our last low. If we pass that price we can expect to hit within or targets. Why does this post matter? If you know the direction the coin is heading and why then you can participate in the opportunity to drive in profits. A new low to me usually means an opportunity buy more and change my cost averaging and ultimately build more profits. HODL and get ready for the excitement soon to come.
May you have abundance in all of 2018!!
I am not a financial advisor as this is all for educational purposes only. It is YOUR responsibility to double check, triple check to see if any of my claims are valid. If you like my content please feel free to comment, thumbs up or donate! If you become rich because of my content please don't forget GunTotnHippie is always looking for a new set of Tibetan singing bowls or the new Sig P220 10mm Legion. ;)
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