rakimala

xvg/btc belated breakout

Panjang
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BITTREX:XVGBTC   Verge / Bitcoin
All analyst has been saying that the breakout for verge was near. We all have been desperately waiting for it to happen.
Facts:
1) very strong support line around 830 sats.
2) both RSI indicators show price to be oversold
3) MACD is forming an up trend
4) we are at the end of a triangle pattern.
5) the price is stuck between 830 and 860 sats for almost 24 hours
6) declining volume level to confirm a breakout
6) Promising, strong developments to drive up the price.

Conclusion: the breakout should be close. next resistance is around 1050 sats

Good Luck,

tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG 2.54%
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
Dagangan aktif:
It seems that it is breaking the support line however it may be a bull trap.The stop losses may be triggering at this level. However I think it will turn around. Lets see how today folds.

Good luck

Dagangan aktif:
A nice bull trap accured,

Still on the right path.
Hope the breakout happens in the next 24 hours.

Good Luck,

Penafian

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