Verge: Pullish Entry [+200% Potential]
Updated
Hi Everyone,
I'm going do a quick post analysis about Verge.
The Verge market is in the the Pullish market.
Price Factors:
- The overall market is Strong up trend.
- The Price to the Breakout Area ( 0.00000989 - 0.00001032 ). This also acting as a very strong Support Area because of many rejected in the past.
- The Price keep holding above this Area.
- The momentum of down move showing signs of weakness.
- The Price stucking inside the mini Range ( The Yellow Box on the chart ) and also in the bottom of the range.
- We also have the Triangle
Indicator Factors:
- Price broke through the Base + Conversion + Cloud of Ichimoku
- MACD below 0 and showing cross-over soon.
- Stoch RSI bottom of oversold and pointing upward.
Conclusion:
- Entry price: 0.00000989 - 0.00001032 ( maybe lower )
- Target 1: 0.00002495 - 0.00002520
- Target 2: 0.00003158 - 0.00003204
- Stop: 0.00000757 - 0.00000807 ( I not place Stop but if you need please below this Area for safe ).
Disclaimer: Trading is high of risk
Happy Trading.
I'm going do a quick post analysis about Verge.
The Verge market is in the the Pullish market.
Price Factors:
- The overall market is Strong up trend.
- The Price to the Breakout Area ( 0.00000989 - 0.00001032 ). This also acting as a very strong Support Area because of many rejected in the past.
- The Price keep holding above this Area.
- The momentum of down move showing signs of weakness.
- The Price stucking inside the mini Range ( The Yellow Box on the chart ) and also in the bottom of the range.
- We also have the Triangle
Indicator Factors:
- Price broke through the Base + Conversion + Cloud of Ichimoku
- MACD below 0 and showing cross-over soon.
- Stoch RSI bottom of oversold and pointing upward.
Conclusion:
- Entry price: 0.00000989 - 0.00001032 ( maybe lower )
- Target 1: 0.00002495 - 0.00002520
- Target 2: 0.00003158 - 0.00003204
- Stop: 0.00000757 - 0.00000807 ( I not place Stop but if you need please below this Area for safe ).
Disclaimer: Trading is high of risk
Happy Trading.
Note
My Precision Entry: 0.00000968 - 0.00001009Happy Trading.
Hope all in your favor.
Note
Trade active
My Entry active At: 0.00001000 ( Holding from here )Happy Trading.
Note
Updated some important AreaFacing with the sharp correction of wave 4 and this should be the end.
Note
I'm still wainting for my next scaling-in
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.