Long
XVG/USD consolidation still on going
Hello,
As the cryptos get purged Verge get purge too...
For a long term investor this is the opportunity to come in the market at good price. I dont expect an unrealistic big bounce for verge in the coming weeks but we are currently sitting on two supports lines.
One orange that could represent the bottom of a bullish channel and the blue which represent the bottom of the consolidation pattern. As the price are going lower, so it is for the volumes == This is a long position for me at this price.
Have a good day and dont panic :)
As the cryptos get purged Verge get purge too...
For a long term investor this is the opportunity to come in the market at good price. I dont expect an unrealistic big bounce for verge in the coming weeks but we are currently sitting on two supports lines.
One orange that could represent the bottom of a bullish channel and the blue which represent the bottom of the consolidation pattern. As the price are going lower, so it is for the volumes == This is a long position for me at this price.
Have a good day and dont panic :)
Note
Nice rebounce today following the test yesterday, if we break the falling wedge we should confirme the end of the current bearish momentum.Note
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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.