HiTech
Panjang

Verge Buy on a Breakout Approach

BITTREX:XVGUSD   Verge / Dollar (calculated by TradingView)
Verge corrected down by 88% since it reached the all-time high at $0.292, and has found the bottom at $0.034. The RSI oscillator formed a bullish divergence suggesting the reversal of the trend. 

However, a strong resistance is based near $0.07 area and the break above is required in order for XVG/USD             to grow further. If/when Verge will break and close above this resistance the next potential upside target would be at 38.2% Fibonacci retracement level, that is $0.13 area. 

$0.13 resistance, should provide a key clue as to the further Verge price development and if broken, the long-term uptrend should be the case. 

In any case, let's not forget that first, $0.07 resistance must be broken, and if rejected, the price could move back down to the $0.034 support and even lower.
Komen: Verge broke above the resistance - long
Komen: Verge back on support, should start moving up from there
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Pls update
Balas
@HiTech could this be the breakout right now?
+1 Balas
MFINITI MuMPiTz
@MuMPiTz, Yes lol WE ARE RIGHT THERE CMON VERGE BABY YOU CAN DO IT!!!
+1 Balas
HiTech MuMPiTz
@MuMPiTz, need a daily close above, but the buying opportunity was there since posted idea
Balas
MuMPiTz HiTech
@HiTech, sorry I'm a trading newbie: When is the daily close in hours from now?
Balas
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