Verge / EthereumLong
XVGETH Ready for a nice move up after a retrace
Updated
Here is my idea for the near term on XVGETH. I think there is some upside momentum to keep within the ascending wedge. Quite a bit of recent volatility shows pent up desire for movement upwards.
Anyway I will be entering as the chart shows with the target as shown. Time will tell...
Give a like and/or a comment if anything occurs after looking at this.
Not trading advice. Just an idea. DOR.
XVGETH. I think there is some upside momentum to keep within the ascending wedge. Quite a bit of recent volatility shows pent up desire for movement upwards.Anyway I will be entering as the chart shows with the target as shown. Time will tell...
Give a like and/or a comment if anything occurs after looking at this.
Not trading advice. Just an idea. DOR.
Note
Forgot to add. My stop loss will be placed just below the local bottom where the price trend turns. Taking that as an updated bottom support line.Note
Looking at the order book on Binance, most of the big buying orders are under 1400 so I would expect this to keep falling below the April 5 support level.Order cancelled
Never reached the buy point.
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