Verge (XVG) Bottoming Out (25% profit potential)

Signals:
- RSI holding around 40
- Support at 740-780 Satoshi levels
- Symmetrical Triangle (Period of consolidation before price breaks up or down)

How to trade
If BTC can maintain its 8500-9000 range

Buy in:
743 - 780 satoshis

Sell points:
- 860 satoshi range, where previous support and resistance were
- 1000 satoshi range, where there will likely be strong resistance

Stop loss:
- If XVG breaks past down below support of 743 sats (Very safe)
- 660 satoshis, where there will likely be significant support (Risky)

Please criticize my TA's so I can learn from my mistakes. Good luck.

Comment:

Big sell pressure but XVG currently still holding 740-750.

Comment:

Well the price dropped past 740 and trigger a shit ton of stop losses, including mine. I was watching it live so it felt pretty exiting.

The market is doing very well currently so you can easily make back the losses by putting your money elsewhere.

I am still in this trade, because the coin is very oversold.

Comment:

XVG currently testing next support. Will see if it breaks through or can bounce.

Comment:

XVG did bounce off support. Will see how far it can rally.

Comment:

New XVG chart has been updated! Please check it out

Trade closed: target reached:

Target 1 reached. Please view newest chart for updates.