Verge / BitcoinLong
XVGBTC
Updated
XVG found support at 0.00000688 which also matches with 50 days EMA indicator.
This might be a good buy opportunity once it touches EMA50 again.
Minimum profit target 0.00000960 which is 40% increase.
This might be a good buy opportunity once it touches EMA50 again.
Minimum profit target 0.00000960 which is 40% increase.
Trade closed: target reached
Target reached after 2 days. Congratulations !Note
Verge seem to be taking a break from the incredible bull rally we saw in December. This is good, healthy. Let it breathe a bit ;)
Technical analysis:
Verge is trading sideways right now, forming a pennant pattern with strong support at 0.000009. If this support level does not hold we can see the price go lower.
On the bullish side, we should be waiting for a decisive close over resistance at 0.0000125. This will be a confirmation signal for the continuation of the uptrend move.
I would wait and see how this develop, but if you feel adventurous you can try adding a bit to your positions at 0.000009.
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