VERGE [Flag Pattern]
XVG is inside a flag pattern.
Point 5 was a false breakout of the structure. Now the price should retrace around blue rectancle area before the bullish trend will continue.
Most important price levels now are:
[Point 1] Dotted blue line: if XVG will break above that level, the bullish trend is very strong and it will continue for days;
[Points 2 and 4] Dotted red line: if XVG will go down and break that level, my idea is invalidated.
GL
Point 5 was a false breakout of the structure. Now the price should retrace around blue rectancle area before the bullish trend will continue.
Most important price levels now are:
[Point 1] Dotted blue line: if XVG will break above that level, the bullish trend is very strong and it will continue for days;
[Points 2 and 4] Dotted red line: if XVG will go down and break that level, my idea is invalidated.
GL
Note
XVGETH
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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.
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.