First of all, it has been able to keep most of it's gains since the initial runup and secondly it has been consolidating for the past few weeks which is the best scenario I could have expected. The whales (or whatever you want to call them are loading up their bags for the next runup.
As can be seen we are moving within the (red triangle) and expect to break out of this triangle within the coming days. Waves will change accordingly to the breakout date and will update when we have a confirmation.
I have new targets set for wave 3 with the red waves being the most likely depending on how long this consolidation will last (the longer the higher the chance we will reach best targets).
So here are some of the targets laid out in the chart. Hope this helps any who are concerned about the longevity of Verge!