Verge / XVG: Possible 20% Gains Ahead

Hi there, before I head back to programming, let me quickly tell you about some interesting opportunity about Verge:

We are in an extreme bearish market for alts at the moment and according to my experience with Fred in bearish markets, it is always a good idea to go either for his 2nd level or even 3rd level lows in order to buy anything and then set a sell point to his level 1 highs.

However, in the particular case of Verge, this could potentially lead us to a 20%+ gain if those lows actually hit.

It could be played out like this:

If the level 2 lows hit at the current rate of 158 sats (see screenshot below), go for the level 1 high that Fred will show at the time of hitting the low. Since gain potentials are usually dragged with the downwards tendency, Fred currently sees a whopping 20% potential gain between level 2 lows and level 1 highs:

Level 2 lows for Verge
Level 2 lows for Verge

If level 2 won't hold, and it falls further, prepare to average by going for level 3, which is currently slightly at sub 100 levels:

Level 3 lows for Verge
Level 3 lows for Verge

However, if any of both cases actually happens, make sure to only go by the level 1 highs. The current market situation will barely let you trade against higher levels.

At the time of writing, the level 1 high is at 199 sats, but this value a subject of change over time but it is very likely that the potential gains will go with it or even spread further.

Summary

Verge is showing a 20% gain potential if played out right and buying at level 2 or even better, level 3 could put you in a good position to sell against level 1 highs.

This article has been made with the help of Fred (CoinStudio) and a lot of love.

Don't miss our Discord!

CoinStudio Logo

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!