Long
XVG Verge Historical Double Bottom Massive Bounce or Doom?
Updated
Verge's luster has kind of worn off over the past few months (to say the least). But that does not mean it doesn't have the capability to make us money.
It's currently right around its historic 1.5 year low of 53 satoshis, going back to December of 2017.
On the weekly, its RSI is in the oversold levels hovering around 29.3.
Lower time frames show potential bullish reversal signals (constricting ema's, long sideways movement).
If you're feeling froggy, entry can be made between 53 and 60 satoshis.
Stop loss at 46 satoshis.
This could have some massive short term potential...if interest sparks.
Good luck and happy trading!
It's currently right around its historic 1.5 year low of 53 satoshis, going back to December of 2017.
On the weekly, its RSI is in the oversold levels hovering around 29.3.
Lower time frames show potential bullish reversal signals (constricting ema's, long sideways movement).
If you're feeling froggy, entry can be made between 53 and 60 satoshis.
Stop loss at 46 satoshis.
This could have some massive short term potential...if interest sparks.
Good luck and happy trading!
Note
On the daily chart, we can see a bullish divergence has formed, as well as price action beginning to break out of a descending triangle.
TTM squeeze giving the initial indicators of a potential move.
Keep a close eye on this in the coming days.
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