VERGE possible breakout to the upside with a 70% Profit possibility.

in #verge7 years ago

analysisxvg.png

We see a nice triangle formation on Verge as the consolidation is coming to a more visible pattern from which we can make our assumption where it may be heading.

The last decline has touched our Support line and is probably gonna bounce to the resistance and support line 2-4 more times before we see the full breakout happen. Target is set @ $0.20. Our RSI is pointing towards the upside which gives us enough confidence that this momentum is gonna be in a breakout continued by a decent uptrend.

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Thanks for the chart

nice post, thanks sharing, keep up

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