Verge / BitcoinLong
Long On XVG/BTC
Here's a plausible bullish scenario using the 1.618 extension as target's and MACD crossover to predict trend movement.
It appears that XVG is consolidating in a identified Bullish Flag set up.
Targets are set from a 1.618 Extension , as that is what got us here to start with from the previous Bull Flag Set Up.
With news of Wraith Protocol being released this week, as well as post christmas buyers entering the market, this scenario is not completely impossible to play out in the next week or so.
Thoughts ?
It appears that XVG is consolidating in a identified Bullish Flag set up.
Targets are set from a 1.618 Extension , as that is what got us here to start with from the previous Bull Flag Set Up.
With news of Wraith Protocol being released this week, as well as post christmas buyers entering the market, this scenario is not completely impossible to play out in the next week or so.
Thoughts ?
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