XVG/BTC
-hits daily support at 65 sat and the price shoots up 20%
-there is a new trendline resistance just above 70 sats
-two option to enter a trade here
-but the break/close above the trendline
-or wait for a retest of support at 65 sat
-place a stop loss below daily key support
XVG/BTC
-strong breakout of trendline resistance
-manages to climb above the 200D MA
-good bullish rejection at 200D MA also
-new daily high and higher low
-there is a good potential rebuy zone between 51-48s
-trading the breakout of recent is also valid
-upside target is up to 71s
-stoploss is determined once a position is open
we can see a formed triangle, we are close to the support line at the moment. As we can see the price fluctuate in triangle range, it's possible that we can see a grow to the next resistance line. Expected profit 100%
*** Only God knows the future.
Verge broke out of the downward channel and is forming a new Elliott wave structure, the correction from the last bull run (wave 1) is taking place and will meet at the bottom with today's Verge announcement (GREEN VERTICAL BAR).
After the Verge announcement, price will prob. increase more then usual. and start a big second wave.
Potential last buy area: 1240 till...
