All analyst has been saying that the breakout for verge was near. We all have been desperately waiting for it to happen.
Facts:
1) very strong support line around 830 sats.
2) both RSI indicators show price to be oversold
3) MACD is forming an up trend
4) we are at the end of a triangle pattern.
5) the price is stuck between 830 and 860 sats for almost 24 hours
6) declining volume level to confirm a breakout
6) Promising, strong developments to drive up the price.
Conclusion: the breakout should be close. next resistance is around 1050 sats
Good Luck,
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG 2.54%
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
Facts:
1) very strong support line around 830 sats.
2) both RSI indicators show price to be oversold
3) MACD is forming an up trend
4) we are at the end of a triangle pattern.
5) the price is stuck between 830 and 860 sats for almost 24 hours
6) declining volume level to confirm a breakout
6) Promising, strong developments to drive up the price.
Conclusion: the breakout should be close. next resistance is around 1050 sats
Good Luck,
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG 2.54%
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
Trade active:
It seems that it is breaking the support line however it may be a bull trap.The stop losses may be triggering at this level. However I think it will turn around. Lets see how today folds.
Good luck
Good luck
Trade active:
A nice bull trap accured,
Still on the right path.
Hope the breakout happens in the next 24 hours.
Good Luck,
Still on the right path.
Hope the breakout happens in the next 24 hours.
Good Luck,