Verge (XVG) Bottoming Out (25% profit potential)

Signals:
- RSI holding around 40
- Support at 740-780 Satoshi levels
- Symmetrical Triangle (Period of consolidation before price breaks up or down)

How to trade
If BTC can maintain its 8500-9000 range

Buy in:
743 - 780 satoshis

Sell points:
- 860 satoshi range, where previous support and resistance were
- 1000 satoshi range, where there will likely be strong resistance

Stop loss:
- If XVG breaks past down below support of 743 sats (Very safe)
- 660 satoshis, where there will likely be significant support (Risky)

Please criticize my TA's so I can learn from my mistakes. Good luck.

Note

Big sell pressure but XVG currently still holding 740-750.

Note

Well the price dropped past 740 and trigger a shit ton of stop losses, including mine. I was watching it live so it felt pretty exiting.

The market is doing very well currently so you can easily make back the losses by putting your money elsewhere.

I am still in this trade, because the coin is very oversold.

Note

XVG currently testing next support. Will see if it breaks through or can bounce.

Note

XVG did bounce off support. Will see how far it can rally.

Note

New XVG chart has been updated! Please check it out

Trade closed: target reached

Target 1 reached. Please view newest chart for updates.

HD1184K

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

HD1184K