While you could argue that it is technically a , it is looking more downward than symmetrical, (but I am sure I could force a more symmetrical drawing if I really wanted).
XBG will slowly keep going down to , 850 or even 780 before bouncing back up.
I am still positive for that coin as the dev team is still active and following the roadmap, they are just struggling to get their message heard, they need a better PR team.
I am a long term holder of XVG, but if you are day trading you might want to look for new lows around 750.
If you are BTC holding, I would wait for lows for a bargain.
Verge released a new version of the wallet to force stealth mode, and this is good news.
But I am hopeful that it will kick start a new upward move.
As I said, the Dev is ongoing and on track, and, as we saw in the past weeks, they are responding to defect reports and taking steps where needed.
I am not faulting the dev, but the PR.
Also, unless I missed something, the day/time of the fork is not known... is it?
See https://github.com/vergecurrency/VERGE/issues/505 for the 'fork' discussion.
The official announcement will be today. The important thing is the stealth transaction feature will be fully usable. It is a major developement on verge. Lets see how it preforms. The whole market seem to move in harmony these says
If/When there is a fork, (or even an announcement of a fork), the market will deal with it accordingly. For now, it is nothing more than a comment by a dev in github, (and reddit).
And, from that comment alone, I can't see the market bouncing up from it, but we will see and rethink our positions accordingly.