Verge / Bitcoin
Long
Updated

Verge The quiet before the storm

556
XVGBTC XVG 4th week of consolidation: symmetrical triangle pattern formed 6 points and clearly showing lower highs - higher lows, as the symmetrical triangle extended and the trading range contracted, volume started to diminish. This refers to the quiet before the storm.

If there will be a breakout volume will go up. Better be prudent.


Trade active
False breakdown - bouncing on the the support.

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.