VERGE [Flag Pattern]
Updated
XVG is inside a flag pattern.
Point 5 was a false breakout of the structure. Now the price should retrace around blue rectancle area before the bullish trend will continue.
Most important price levels now are:
[Point 1] Dotted blue line: if XVG will break above that level, the bullish trend is very strong and it will continue for days;
[Points 2 and 4] Dotted red line: if XVG will go down and break that level, my idea is invalidated.
GL
Point 5 was a false breakout of the structure. Now the price should retrace around blue rectancle area before the bullish trend will continue.
Most important price levels now are:
[Point 1] Dotted blue line: if XVG will break above that level, the bullish trend is very strong and it will continue for days;
[Points 2 and 4] Dotted red line: if XVG will go down and break that level, my idea is invalidated.
GL
Note
XVGETH
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