Robert-IanDeMeyer

Verge bulking up for new (300%) break out (technical analysis)

BITTREX:XVGBTC   Verge / Bitcoin
Verge is probably moving towards a new bull run and is in excellent buying rang right now.
Why?
1) Verge is moving in a perfect symmetrical triangle pattern on the daily
2) Although the MACD on the daily is still bearish , it is moving towards bullish on the 4h and is already in buying range on the hourly.
3) The CCI shows similar indicators with short(er) term bullish patterns

This trade will take a couple of days and will probably hit the resistance on the daily once more before really breaking out.

You're welcome in advance!
go go go
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you mean 300% = 4484 sat ? around 0.66$ ?
+1 回覆
Hi Robert, What makes you think 300% breakout is possible?

Cheers
Matt
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