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Vergebtc

Verge #XVGBTC - trendline battle and growth possibility!TECHNICAL ANALYSIS: The price of Verge's cryptocurrency still remains in the consolidation zone, although it seems that the well for Wave 2 was counted at 0.000090 and now the price is trying to hit the top towards wave (A) highs at 0.00001718. Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRAL (continuation of the correction) Key levels: - for further increases - level 0.00001614 and later 0.00001373 - for continuing correction - level 0.00001228 and later 0.00001371 - for the continuation of decreases - the level is 0.0000090 PS: Be sure to follow me! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 50 likes. :)
Long
by sebastian.seliga.7
25
VERGE - Incoming Reversal? Potential Uptrend.Over the past few weeks, Verge has experienced a tremendous increase in value, as the price moves parabolically. However in the recent days, we've seen reverse in price as the bearish trends begin to settle in, the chart indicates that verge is forming a descending triangle pattern which usually shows a bearish market. Unfortunately, this can signify an upcoming decrease for a further decrease. On the positive note, These trends can sometimes reverse and result in an upside especially if the price break through the resistance that has been formed which is indicated by the orange line. I expect the price to make a short-term reversal which can be about a 20% increase. STOP LOSS (AIM TO PUT THEM AT THE SUPPORT LINES): 0.1325 MACD - Leaves room for upper growth and the lines look to be Crossing soon. RSI - the relative strength index shows a lot of space for upward movement compared to the potential dance. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
Long
by thomasfar6
4