Verge (XVG) The bulls are charging! See how it will reach $0.40

BITTREX:XVGUSD   Verge / Dollar (calculated by TradingView)
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:

  • Wait for the Break Out
  • Open your position by following the trend
  • Set your target limits
** Always set your stop losses when long

I wish you MASSIVE profits on all your trades,


For more great content, follow my blog on Steemit! --> https://steemit.com/@jmazo
in ascending triangle the point A is never on the resistance line but on the support line.... if the A is in resistance line it's a descending triangle, so your TA is false.
You have to replace the point A on the support line
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