XVG volumes did not support a large run immediately and will need to build. Low chance of losses as we have moved above the resistance after a long downtrend; place a stop-loss under the flag at 1350 to be secure. XVG popped up into another compressing triangle outlined in green and is now forming a bull flag
and should make its way up to a new high. It has been compressing for a long stretch with cup indicators galore. The longer it stretches out under the blue indicated line, the more sharply it should increase. We could see a peak stretching past 2600 sat, if not, just take your profit and wait for another drop. Xvg is known to be manipulated so jumping out early is a safer bet for securing a profit; this manipulation, however, could be due to this end result (large peak). A tactic being used by whales hoarding the coin is that of scaring away people who are not willing to stay with the coin by faining bull indicators to accumulate verge until its eventual breakout. Updating a stop loss along the way that is below the shown fib retracement levels is another good move.
Waiting for news to be released from verge regarding public and private switching capabilities of wraith.
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