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chris407
Feb 28, 2018 2:35 PM

Verge $xvg Long

Verge / BitcoinBittrex

Description

I'm liking Verge a little from a long term perspective. I have my scalp entries, and then I have my long position entries. I haven't bought anything yet but I'll be stacking some LONG entries around.

Reasoning? it's approaching a key Fib level ( .786 ) as well as "moderately" descending wedge.I'll let price action determine where I place strategic entries.

Disclaimer: This is not financial advice. DO your own research.

Chris
Comments
mromisego
i bought at 527 sats, i think we're close to the bottom (see your 4H RSI below 40 and it trading under Bollinger bands).
chris407
@mromisego, I think it's getting close as well. I locked in a little scalp earlier then re-bought at 528. I think around 500 should be a good level to look to see if BIG support shows up. I'd accept revertive from there though!
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