Is Verge on the Verge of breaking out?

#XVG exploded about a month ago over 2000% and it looks like we're starting to correct that previous move.

There's been alot of hype and #FUD on this one. Will the technicals prevail through the midst of fear, uncertainty, and doubt?

Looking at the #Fibonacci retrace tool, we can see that price has almost came down to the 88.6% correction level. This is getting pretty low! There's another clue that is telling me upside is likely. We're about to look at that!

We're getting quite a bit of divergence on the #MACD This is a sign of selling momentum is loosing steam. If this is the case we should see impulses start to happen to the upside!

Looking at the lower time frame, it still looks like it's correcting for the next impulse. This can always make a 4th and 5th corrective wave, or become more complex before going. The chart explains what I'd look for to confirm we're still correcting!

We're also starting to get divergence on the smaller time frame as well... hmmm!

What are your views on #Verge? Shitcoin or something that has value? What are the technicals telling you?

I want to bring up that this is never investment advice, just my opinion of the market!

Trade responsibly!

-Adam Biers