Verge (XVG): Where is your strongest support? The graphics explain!

in #verge6 years ago

verge.png

The chart you see above has been traced by me for a few weeks and prices have kept within the perspective I had thought of.

As you can see, Verge has been keeping itself within a bearish channel, prices tend to decrease proportionally. For investors of such a currency something draws attention to the influence that the negativity of the market has been causing on the Verge. One thing I want to make very clear to Verge's investors is this: If prices fall below 486 Satohis, YOU MUST ABANDON THE BOAT !!!

Should the support around the 486 Satoshis be overcome, the price of the Verge should go into a free fall until the 321 Satoshis to start a new period of accumulation.

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