Verge XVG/BTC Technical Analysis 6/15/2018
Technical Analysis: Chart 1 Above
- Short term view of Verge XVG/BTC
- A leading wave 1 diagonal looks to have been put in as well as wave 2
- A bullish wedge/flag (depending on how you want to draw it) has formed - either pattern leads to the same result
- High probability for a breakout to 500-510 satoshi
- A green candle closing above 460 will confirm move to the upside
- Stop Loss at 435-440
- RSI is neither overbought or oversold at this point, but is in bullish territory
Technical Analysis: Chart 2 Below
- Longer Term Look at Verge XVG/BTC (a few weeks to 2 months)
- Cup and Handle has formed on the daily time frame
- A very bullish pattern
- Indicates a vertical breakout to 20000 satoshi at any time
If you have found this helpful, please UPVOTE, FOLLOW, and RESTEEM :0)
Any and all donations are much appreciated and will allow me to continue producing free analysis! Let me know what charts and analysis you are interested in and I will be happy to work on them!
- LITECOIN: MNwqCX6HoU6MeU9SRwNakT3iHEkfrig2YB
- BITCOIN: 3MwvZ6Q7R7dtSR8P1o5bb3oz4hegwtSuiR
- BINANCE: 0xcaf1e0cd3de21a7d27497a95f8196f74a073ad76
- ETHEREUM: 0x4c8d59799E6EF1faE64Bc40D1668B77DD8d5e9Ed
START INVESTING TODAY!
CLICK HERE TO SET UP AN ACCOUNT ON COINBASE
LEGAL DISCLAIMER:
I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is intended for me to document my own personal analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to learn how to trade and invest, see my previous post - LINK.