Verge (XVGBTC) is in a good spot, it has been dropping since December 2017 and it is now ready for a major bullish wave, after 4 long years.
First is the weekly chart with the current price action:
Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7 months and always holding.
This is the lowest price seen since May 2017.
Now, let's zoom out!
The potential from the current price to the May 2021 is huge, 874%.
Now, let's go further back... I had to activate the log scale to be able to see the candles, the potential extends to 12,796%.
Here is the chart:
We are currently within a consolidation box, or a triangle, before the next breakout.
Based on different charting methods, market cycles and experience, the next break should go to the upside. (Time will tell).
We are not greedy, 100-300% is enough but the long-term picture looks bright.
Thanks a lot for the continued support.
Namaste.
First is the weekly chart with the current price action:
Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7 months and always holding.
This is the lowest price seen since May 2017.
Now, let's zoom out!
The potential from the current price to the May 2021 is huge, 874%.
Now, let's go further back... I had to activate the log scale to be able to see the candles, the potential extends to 12,796%.
Here is the chart:
We are currently within a consolidation box, or a triangle, before the next breakout.
Based on different charting methods, market cycles and experience, the next break should go to the upside. (Time will tell).
We are not greedy, 100-300% is enough but the long-term picture looks bright.
Thanks a lot for the continued support.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
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.