MuffyPuffy

Verge should have a breakout really soon

BITTREX:XVGBTC   Verge / Bitcoin
After the problems and the "delay" of wraith protocol on new years eve the price of verge dropped and formed a big triangle.
Lately, we slightly broke through this triangle and formed a smaller one.

Boullinger Bands are contracting, volume is waning, MACD is flattening and we are on the edge of the triangle.
That being said, we will see a breakout really soon either way!

The Price is close to the pink line, which represents the overall trend.
The RSI is slightly but steady on an uptrend.
Thus we will see most likely a breakout towards upward.

The target of the small red triangle should be nearby 1250 sats , but that doesn't take the big triangle breakout into account.

Furthermore there was a small announcement, that we see a "news" on monday.
https://twitter.com/vergecurrency/status...


Happy trading but DYOR :-)
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