Verge (XVG) is trending downward on the chart term (1 hour chart) and looking like it is going to crash on the longer term (1 day chart). Look below for the details.
* This is a private analysis by request.

– On the 1h Chart verge is trending downward.
– The MACD , RSI and STOCH are all pointing downward.
– Right now, the coin is looking to find support around the 780 level.

Look at the chart:

snapshot

– On the 1d chart, verge is preparing to create what is called “a massive wave of bag holders”, meaning, it is going down. According to the charts.

Look at it here:

snapshot

I would think twice before buying this coin.
At least, I would wait to see until this trading day is over and decide after that if joining is the best choice.

Thanks for reading.

Comment:

Comment: I should’ve added the 1h timeframe to the main chart.

Anyways, the coin is going down just as the chart and indicators predicted. Not me, the chart said the coin was going to go down, I only translate what the chart has to say.

Many people won’t want to say this because they are invested and hyped up about this coin, but once you reach the top, there is only one way to go, down. Just like when you reach the bottom there is only one way to go, up.

So, I hope you SOLD when I first posted this idea. Now, you can join back in, BUT, wait a few days until a solid and strong support is found. The reversal (to go back up) will take several days to form. So you will have plenty of time to buy back in when the time comes. In the meantime, sell the life out of this coin.

1h chart:

snapshot

Comment:

 We are really far away from the highs of 994. I would recommend staying away until this coin finds support.

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