Bought on 2467 after Double bottom resistance was broken. Targets are on the graph with 7% an 14% profit respectively.
Mark Douglas on Chart Patterns: We can use all the various tools to analyze the market’s behavior and find the patterns that represent the best edges, and from an analytical perspective, these patterns can appear to be precisely the same in every respect, both mathematically and visually. But, if the consistency of the group of traders who are creating the pattern...
Verium has found the support at $1.74, where it formed a double bottom, along with the bullish divergence on the RSI oscillator. The price went up breaking above the descending channel and the 50 Moving Average. As VRM/USD continues to produce higher highs and higher lows, the price is likely to continue increasing. The first resistance is seen at 76.4% Fibonacci...