Bobby-Axelrod

XVG - On the Verge of Breakout

Long
Bobby-Axelrod Updated   
BITTREX:XVGBTC   Verge / Bitcoin
XVG has been in a consolidation pattern for over a month now, from mid December to mid January. Typically the longer this occurs the larger the breakout will be and Verge is no exception. I'm expecting the continuation to play out for a 200% total run from entry. The recent Wraith protocol release will also bring new updates in the near term and bring along a new wave of speculators with it. Enter along support or on breakout for a safe entry and enjoy your ride to your destination.

Trend : Bullish
Buy Signal Indicators : Oversold on the Daily RSI, 6 + 12hr cloud support, accumulation on trending support, Symmetrical Triangle forming
Trade window: 30 days (short term)
Order cancelled:
Trade stopped out @ 950 due to support break. BTC caused some panic selling in alt coins.

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