VERGE Reversal Triangle Forming after Bullish Harmonic Pattern
VERGE has been one of the most volatile and surprising cryptos of all time. Only BTC wise, it had a mega bullrun last year, where the profits were about +3500%. This year, it had a massive bounce again, which brought profits of about +300% to the traders who got in on time. Those two bullruns and their respective dumps created a massive Bullish Harmonic Pattern figure. After the completion of this pattern, it's creating a Reversal Triangle Pattern, as shown in more detail in the following image:
This Reversal Triangle + Harmonic Pattern combo will create a new bullrun, which I believe will be happening around mid November 2018.
1D Stoch RSI is showing a triangle that will end up breaking down within the following days. After this downturn, it should be bouncing around October 24th:
Finally, 1D MACD shows a channel with a potential bearish Three Drives Pattern forming. After this dump, it should be going up to new highs along with price and many alts within the crypto market:
I will be posting charts every day for the upcoming bullrun next month. Not only in cryptos, but also in another market I have been following since a couple of months ago. Stay tuned!
@CoinMajesty
This Reversal Triangle + Harmonic Pattern combo will create a new bullrun, which I believe will be happening around mid November 2018.
1D Stoch RSI is showing a triangle that will end up breaking down within the following days. After this downturn, it should be bouncing around October 24th:
Finally, 1D MACD shows a channel with a potential bearish Three Drives Pattern forming. After this dump, it should be going up to new highs along with price and many alts within the crypto market:
I will be posting charts every day for the upcoming bullrun next month. Not only in cryptos, but also in another market I have been following since a couple of months ago. Stay tuned!
@CoinMajesty
