Verge XVG is going to boom ... ?!
Verge is in my opinion pretty undervalued, the technology behind it is very good and the developers announced big news for august. Just to mention some of it:
"Verge Transfer Over Discord Service
August, 2017
Verge Transfer Over Telegram Service
August, 2017"
https://vergecurrency.com/langs/en/
Check it up your own.
Well after 1. august almost every coin recovered at least a bit. But Verge did not yet. In my opinion it has enough reasons to rise. Big news in august, undervalued coin, good developers and an active community. Its actually a better coin than Zcash from the technology view.
Verge is down -80% from its peak. 1. August is over and everything with at least a bit value went up. Verge will follow.
On the chart we see that the volume is rising which is usually a good sign for a bottom and a trend change. Also the support line (green horizontal line) is a very strong support line. End of mai it was a strong resistance level which now turned to a strong support level. The support level got confirmed by the strong volume and buy pressure at the price level. Also the RSI is at an oversold level as you can see.
on this 2h chart we can clearly see also a bullish divergence from the RSI and the price movement.
If we take all together I think Verge is a good investment at least for now and that some profits can be made by it.
As always this is only my personal analysis and point of view. If you have any suggestions let me know. I am happy and interested to hear your opinions about this.
Have a great week end!
0.0035 $ to 0.0075 $
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STOPboom.
good article, verge is dope following
thank u sir
BOOOOM