Long
LOOOOONG $VYGVF / potential x4 before EOY
Intro:
VYGVF is the OTC US stock of the Canadian VYGR stock.
Voyager is the biggest US crypto broker you've never heard of. Mobile-first, best execution, commission-free, etc. It has great fundamentals and a good market position.
They also have a lot of momentum, with an analyst report (Buy) and the acquisition of the retail business of Circle (Goldman Sachs) with Bloomberg features, etc.
TA:
MAC weekly about to switch bullish on a massive volume spike... after 4 months of accumulation => Obvious long in my book.
Not much resistance but real strong support in the low .20s
(<$0.21 would invalidate the idea).
FA:
So here's the thing. It may be a bit of a stretch and you could argue that it's an over-simplification, but:
Coinbase has about 13 millions accounts and is valued around $8Bn. That's about $615/ account.
According to Bloomberg, Voyager has 200,000 accounts (with the Circle acquisition). If we take $500/ account, that's $100M.
It's current valuation according to etrade: $24M at $0.31 a share.
That's the x4 potential - and coincidentally (or not) that matches perfectly the $0.31 to $1.26 of the chart...
Warning:
Books are thin, spread is often too wide for my taste, and it's a micro cap - so no point going too heavy (<$50K imo) or flipflopping positions.
A good buy and hold - sell in a few months (late 2020 or early 2021) for a potential x4+
VYGVF is the OTC US stock of the Canadian VYGR stock.
Voyager is the biggest US crypto broker you've never heard of. Mobile-first, best execution, commission-free, etc. It has great fundamentals and a good market position.
They also have a lot of momentum, with an analyst report (Buy) and the acquisition of the retail business of Circle (Goldman Sachs) with Bloomberg features, etc.
TA:
MAC weekly about to switch bullish on a massive volume spike... after 4 months of accumulation => Obvious long in my book.
Not much resistance but real strong support in the low .20s
(<$0.21 would invalidate the idea).
FA:
So here's the thing. It may be a bit of a stretch and you could argue that it's an over-simplification, but:
Coinbase has about 13 millions accounts and is valued around $8Bn. That's about $615/ account.
According to Bloomberg, Voyager has 200,000 accounts (with the Circle acquisition). If we take $500/ account, that's $100M.
It's current valuation according to etrade: $24M at $0.31 a share.
That's the x4 potential - and coincidentally (or not) that matches perfectly the $0.31 to $1.26 of the chart...
Warning:
Books are thin, spread is often too wide for my taste, and it's a micro cap - so no point going too heavy (<$50K imo) or flipflopping positions.
A good buy and hold - sell in a few months (late 2020 or early 2021) for a potential x4+
Trade active
OK. We tested support. This is a god tier entry in terms of R/R imo.Invalidation is "close" (Under $0.175 would be worrying)...
And target would mean x5+
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.