FX_Academy

Veritaseum (VERI/BTC) potential 117% decrease

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HITBTC:VERIBTC   None
This is more of long-term perspective, but as you can see the price has broken out off of the triangle from the downside and is now interacting with the first support it found. I don't believe that this support line is going to hold this strong momentum, and neither will the next. As we don't have more historical data, I have used a Fibonacci extension to calculate the potential end of the wave C and if the target is meat that would mean a 117% drop for Veritaseum.

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