Verge has been in drop accumulation phase for some time now. All negativity surrounding it is pure FUD and does no damage to this coin since it's simply following it's natural pattern.
Expected returns are huge for this coin, current maximum target for out pattern is 2,400 satoshi, however we can stop lower or higher. Further pattern will become visible as we finish up with this one. Privacy coins will become more popular this year and all 'hacks' with 'attacks' are positive things for such coins since developers can fix this issue sooner before we get higher volumes on it and at which FUD news will actually pull price down by a lot more breaking any pattern.
We are currently in a good buy zone with STOP LOSS at support line around 510 if you guys want to play it safe. We are actually having several patterns which are huge possibility of playing out within next few weeks. We have a butterfly pattern which has high probability of being followed. We also have a triangular pattern with high resistance levels when we get around 800 levels which can push it down therefor breaking our butterfly pattern, however I see it break it firmly if our butterfly pattern is followed for next week or two. Other patterns are here as well, but I won't go into them as they all have lesser probability of becoming a reality.
My take on this coin is that if you want high rewards with medium risk, then get into it for medium to long term.
Bitcoin is playing a key role in this and don't be surprised if we suddenly drop below 510 in case BTC drops to $7,100 levels which is still highly uncertain and probable. In addition if we suddenly start mooning, don't surprised as well after such major price retracement it's also huge possibility.
Below is just an earlier chart for Verge we have made a few month back on our last trade.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
交易進行
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LIKE this idea if you AGREE!! THANK YOU FOR YOUR SUPPORT!
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We are moving up nicely with slight accumulation zones which is viewed by sideways move
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Until we break 510 zone we are bullish on Verge
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We are making slow progress here, safe SL is at 540 for those who entered for short term with maximum risk minimization
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Does this look good or what?
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2 options only
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This was a nice bounce, let's see how it goes in next few hours
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Looks like support keeps on holding. Bullish sign, but if it does not result in a bounce this or next week, we might have a newer target of below 450
If you're in my VIP group, I'll let you guys know when to invest
@eduardokaykedasilva, I don't mind if you post your charts on here, but at least leave a like first for my chart! Thank you!
hooman1604
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VERGE
A truly decentralized project working with some of the most talented minds – Why do I say this
Has anyone heard of RSK smart contracts? (The world’s most secure smart contract) They are a very well respected and well-funded project working with some of the world’s best scientists and engineers. RSK recognized the talent of Justin Vendetta (Verge dev) reached out to Verge so they can work together – how is that for credibility?
RSK will be integrated into Verge and as a result Verge will reap all of the technological benefits including
- Being able to deploy or build any dApp onto Verge (meaning here we have a project that is not only a privacy coin but will basically be able to do what Eherium does as well) – If you do your research you will see that RSK smart contracts will definitely be giving Etherium a run for its money as they are developing quite the superior tech.
- RSK will launch Lumino. A combination of the best features of Lighting and Raiden network – Before end of the year RSK hope to launch this which will allow for 20,000 transacitons per second
Verge will also be able to achieve decentralized cross chain trading via Saturn network (which will run off RSK - icobench.com/ico/saturn-protocol
Verge and why will Verge succeed?
The single most important mission for any project that has a working product is MASS ADOPTION – Verge is always moving forward with the intention of mass adoption – Apart from getting on new exchanges how does a project reach those who are outside of the crypo community? Verge has the answer to that as they have partnered with Token Pay who have acquired 9.9% of a German bank with the option to make full purchase pending regulatory approval (which is very close) TokenPay CEO has been working tirelessly with regulators in order to make sure that Verge, Litecoin and TokenPay debit cards will be released – For any challenge that they have faced a clear solution has been found and implemented.
What else is yet to come?
- New codebase (not to be underestimated) as it is stated it will be rivalling bitcoin’s codebase
- 3 NDA’s yet to be announced
- Revised Blackpaper (with additional 10-15 pages)
- Ring CT integration
- Official iOS wallet + updates
- I2P Android wallet
- Mining update
- New Vendors
- New exchanges
- Merchandise store
CryptoManiac101
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@hoomanamir, What are you promoting
freza
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Your TAs on Verge are amazing. Thank you.
AllenPerez
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How did you know that a pump is coming? :)
CryptoManiac101
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@AllenPerez, Historical analysis mixed with indicators
weslad
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CryptoManiac101
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@weslad, I don't mind if you post your charts on here, but at least leave a like first for my chart! Thank you!
weslad
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@CryptoManiac101, Sorry bro, it skipped my mind, have done that and appreciate you massive work bro.