Verge (XVG) The bulls are charging! See how it will reach $0.40
Pattern: Ascending Triangle
Pattern 101 - Ascending Triangles:
Ascending Triangles are formed by higher lows and a constant resistance at a certain price point. The higher lows signify that Bulls are moving the price higher. As the price pushes against the resistance a surge in volume occurs and a breakout occurs. Usually UP! Extremely bullish pattern!
What to expect?
I expect XVG to follow the trend line and have a bullish breakout to $0.40 +126% gains!). If it falls it will most likely find support (blue lines) at $0.16 and challenge the resistance once again.
Recommended Guidelines to Follow:
I wish you MASSIVE profits on all your trades,
CryptoTA
For more great content, follow my blog on Steemit! --> steemit.com/@jmazo
Pattern 101 - Ascending Triangles:
Ascending Triangles are formed by higher lows and a constant resistance at a certain price point. The higher lows signify that Bulls are moving the price higher. As the price pushes against the resistance a surge in volume occurs and a breakout occurs. Usually UP! Extremely bullish pattern!
What to expect?
I expect XVG to follow the trend line and have a bullish breakout to $0.40 +126% gains!). If it falls it will most likely find support (blue lines) at $0.16 and challenge the resistance once again.
Recommended Guidelines to Follow:
- Wait for the Break Out
- Open your position by following the trend
- Set your target limits
I wish you MASSIVE profits on all your trades,
CryptoTA
For more great content, follow my blog on Steemit! --> steemit.com/@jmazo