garrettlweems

On the VERGE of breakout!!

BITTREX:XVGBTC   Verge / Bitcoin
Verge has had some great double digit the past couple of days but I don't think we're quite done yet.

I believe our overall downtrend has started to break upwards and if we're able to break resistance at 820 satoshis and again at 1000 satoshis we surely will see some significant liftoff!

UPWARD MOMENTUM INDICATIONS
  • Volume is slowly but surely starting to flow back into this little privacy coin
  • Recent MACD crossover and lines are starting to separate
  • RSI says we aren't oversold yet!

VERGE POTENTIAL TARGETS
  • 1400
  • 2060
  • 2500

Signs are looking good for XVG but I do believe a lot of this trade is going to come down to weather or not Bitcoin is going to play nicely.
Sideways or upward movement from Bitcoin is ideal for this trade; I can't picture Verge having a massive breakout while Bitcoin is going down but hey that's just me. Lastly, not sure if this matters/ makes a difference or not but this breakout is starting to look just like the first breakout, even at the same satoshi levels. Just something I noticed.
Komen: Looks like our resistance around 800 sats was rejected and we are now hovering around the 600 sats support.
Maybe want to enter trade after confirmation above 800 sats resistance.
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