XVG ready for next Explosion
Updated
XVGBTC is setting up for another big pump. I noticed a pattern of bullish flag breakouts followed by cup and handles. Verge just broke out of its flag and started its retest of the current ATH.
Very bullish on this for several reasons. Firstly it's a great project, it gets a lot of attention and hype at the moment. Secondly the chart gives a high probability for the next explosion. Lastly the Wraith Protocol will be released in the next days.
Safe entry after confirmed break and stay above of the short term cup and handle and a major resistance at 1300sats.
I've added the current Fib levels to show you how much potential Verge actually has.
Long term entry: now
1st target 2700sats
2nd 3900sats
3nd 5000sats
Trade safe!
Note
I finished my fundamental analysis on Verge this morning and it was not good. They claim a lot things like privacy and being untraceable without backing it up. I would be cautious and use a tight Stop Loss for your position.
Trade safe!
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