My problem with these patterns and numbers analysis is that the tech is never taken into account.
Verge announced a few days ago that the coming weeks we will see a Verge Release Marathon. So in the coming weeks new tech will be released.
Do you still expect to see the price of Verge drop?
@haejin would say "Elliot Wave analysis states that a reason or an event shall arrive to justify the forecast and not the other way around.". The more I look at the crypto space the more I feel this is true. As an example, EOS announced 3 days ago that its dev was ahead of schedule and also talked about a bunch of new features. Good news should have energized the market, right? The market responded by tanking.