When you're trading speculative altcoins, you need to manage your risk. That's the most important thing.
I haven't had a chance to do tons of research into Verge yet, but I have done some, and no red flags detected short of the sudden price action being triggered by McAfee's Tweets.
That's only a red flag because unsupported price action may not continue to be supported.
In any event, I see no signs of weakness and all the signs of a bullish flag.
The next fib is an astonishing 10:1 Risk/Reward ratio. I would not normally pick it as a target, but it also matches the length of the bullish flag pole projection.
Let me know if there's interest in a guided trade for this coin and I'll do one on Yours.
Right now they're having technical difficulties.
Also, if you want to trade this coin, forget Bittrex and their high fees and sketchiness.
Use Binance, it's in my signature.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
I haven't had a chance to do tons of research into Verge yet, but I have done some, and no red flags detected short of the sudden price action being triggered by McAfee's Tweets.
That's only a red flag because unsupported price action may not continue to be supported.
In any event, I see no signs of weakness and all the signs of a bullish flag.
The next fib is an astonishing 10:1 Risk/Reward ratio. I would not normally pick it as a target, but it also matches the length of the bullish flag pole projection.
Let me know if there's interest in a guided trade for this coin and I'll do one on Yours.
Right now they're having technical difficulties.
Also, if you want to trade this coin, forget Bittrex and their high fees and sketchiness.
Use Binance, it's in my signature.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Note
Fake out below the flag into a breakout. Looks it may be ready to go.
Fun!
Note
Okay. Breakout confirmed. I've now posted a trade structure/update thread on my Yours.org (in my signature). Yours is a great community and a great project that accepts 10 different cryptos and settles all transactions incoming and outgoing in Bitcoin Cash, entirely on the blockchain, in a wallet we control.
It's the future.
Check it out. Updates will continue as the trade unfolds throughout the day.
Trade active
Trade looking pretty good and very normal right now. Note
New update to Yours.org trade post (in my signature). Pullback has been met with further upward movement and we now look for action towards first short-term price target.Note
New update to the Yours.org trade post. Verge sleepily trades sideways and consolidates. Volume remains good, which is a good thing. Currently sitting in profit in this trade so far. Looking for further upward movement.
Note
Update to Yours.org trade post. Price has hit first area of resistance and appears to be handling it healthily.
Let's see what this coin can do!. Move your stop to break even and enjoy a low risk high reward trade.
Note
New update to Yours trading post. After a sell off price has recovered. We remain in an ascending channel, however, we wait to see which direction price will move next.
Note
New update to Yours.org trade post. Bitcoin has had a major sell off and things are now looking toppy on many markets right now.Note
New update to Yours.org trade post. Apologies for late post. Slept after last one straight until now. Feels pretty good. Verge breakout of all time high is real. We may have room to add further to our position upon pullback before continuation upwards.
Note
New update to Yours.org post (in my signature) for readers.
Right now it looks like the run may be out of steam and reaching a top.
Note
New update to Yours.org post. Can't lie, they faked me out brutally with that dump before directly rocketing price upwards. If this area holds, we may see movement to the next target above 500 sats.
Note
Double fake out. The spike above 480 may have been a topping pattern.
New update to Yours.org trading post. Very key situation here. Trading positions must be closed under the criteria described in the post.
Trade carefully and congratulations on gains everyone!
If you've benefitted from my posts, please take a moment to sign the petition to end the organ harvesting of Falun Gong practitioners by the Chinese Communist Party.
dafoh.org/petition-to-the-united-nations/
Please spread on social media as well, if you'd be so kind!
Note
Not sure if double top or going to break upwards yet, but here we are...
New update to Yours.org trade post.
Trade closed: target reached
Target reached. Final update to Yours.org trading post. Shoutouts to all readers. If you've benefited from this post please take a moment to sign the petition to end the organ harvesting of Falun Gong practitioners by the Chinese Communist Party!
dafoh.org/petition-to-the-united-nations
Note
This coin hit the optional moon target from my Yours thread while I was sleeping. I laughed. It looks like it may just be flagging, but I'm cautious because take a look at it on the 6H chart.
Now, this can be normal when a coin is growing. Verge now has a $1.9B market cap and is 12th in daily volume.
I'll take a look at it later and see if it's safe to trade before posting again.
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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.
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.