No95TradingCo

Simple Bullish Scenario for Verge Coin $XVG/BTC

Long
BITTREX:XVGBTC   Verge / Bitcoin
It appears that XVG is consolidating in a identified Bullish Flag set up.

Targets are set from a 1.618 Extension, as that is what got us here to start with from the previous Bull Flag Set Up.

With news of Wraith Protocol being released this week, as well as post christmas buyers entering the market, this scenario is not completely impossible to play out in the next week or so.

Thoughts ?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.