Golden Crosses and Bullish indicator should bring us back to 0.2On the Red (B) we are expecting a golden cross which should, in the short term, shoot us up close to $0.80. Notice the 55 day and 100 day moving average (MA) golden cross on the four-hour chart to make this happen!
Non-Verge family coins are doing well so they might steal the show for a bit. IF we go lower towards red (C) it could be because the 100 day MA will be hovering above us. Accumulation zone is $0.05 to $0.07, during the last week of April. Difficult to call this bottom because XVG is so volatile..
The REAL golden-cross may occur between orange point (1) and orange point (2), marked with a golden plus. We are expecting the golden cross of 100 day MA and the 200 day MA. This is a very bullish signal and may propel Verge to the previous all time high.
Further, there is a possibility that these trades create an inverse head and shoulders pattern confirming the bullish sentiment.
I believe another partnership announcements will blow Verge off the roof! They have XVG 11 million in their wallet, which they could spend before May so we looking pretty in the short term!
I might sell on 13 or 14 May so we can buy some BCH and benefit from that hard fork!
THIS IS NOT A TRADING ADVICE JUST MY NOVICE OPINION!
