XVGBTC low interval volume picking up quickly
Hi everyone, today I'm doing unusual analysis on Verge to BTC on 1H interval which indicates nicely that accumulation is in progress at our support (38 sat) . As pointed on chart volume at this levels have skyrocket and now it's taking over sellers. Also we are seeing constant attempt to break higher which may indicate that someone is closely controlling this levels as they in processes of accumulation and they haven't finish yet but soon the breakout may happen. Keep in mind that if someone is using technical analysis and wyckoff waves and accumulation process we may see a drop lower before next move up (this is just one of options that may happen) .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
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.