Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfil its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy. I had a quick look at this pair earlier today and decided to add it to my portfolio. I came back from a swim and price had moved 4-5%. Price has made a HH and we are now long. Price has tested the fib levels and the 0.382 has held of the previous swing that occurred at a major level of resistance. From here price made another leg up or a 2nd wave and now we have tested the 0.618 of this leg up. I expect another move higher. We waited for price to prove to us that this was where the Bulls had chosed to enter the market. We waited for a fib level after the move to enter to mitigate our risk. Here we are at the point where we enter for the short and the long term play.
Like the light green 190 or the 608 line, (I am guessing it is the support line?).
Is the 935 line your entry point or the 801 line?
Sorry, maybe it is obvious, but I am not familiar with those colours.
Thanks