Worthy to note that one of the alt coins, VERGE, is literally on the verge of breaking out. Here is why…
Verge 4hourly chart has had the downtrend broken by a breakout of the downtrending line, which followed a higher low. This was set up by a prior MACD bullish divergence.
The daily chart offers a similar scenario, if not more elaborate. A consolidation phase triangle developed with a bullish divergence and MACD just turned bullish. This appears to have a potential opportunity to breakout over the next few days. This potential is almost a 100% upside when it does breakout. Worth a close watch?
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