XVG: Breaking pennant retry
Verge is a somewhat problematic crypto. There is a lot of FUD towards it and people behind it don't seem to care about deadlines. Leaving that aside and admitting that market has absorbed all of this, this is my view about it.
XVGBTC had a nice run at the end of 2017 but this year has been a sh*t show. It didn't break the first pennant, failing it and broke down. Now there's another one forming (realised that while I was scalping it), much smaller but inside the bigger one (you can see the volume diminishing in this one). Hardfork is set to be at block 1,824,150 - this week. And here's to hoping it shake things up.
If it fails again... well, you know: set stop-loss and get rid of it.
XVGBTC had a nice run at the end of 2017 but this year has been a sh*t show. It didn't break the first pennant, failing it and broke down. Now there's another one forming (realised that while I was scalping it), much smaller but inside the bigger one (you can see the volume diminishing in this one). Hardfork is set to be at block 1,824,150 - this week. And here's to hoping it shake things up.
If it fails again... well, you know: set stop-loss and get rid of it.
Note
Watch it.. it's pretty close to the triangle line.Note
Failed. Again.Trade closed: stop reached
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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.