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anijin077
Jun 6, 2018 5:31 PM

Verge (XVG) trading opportunities Long

Description

Here we are analyzing XVG on a daily chart, see how historical prices actions are repeating themselves beautifully!

A falling wedge pattern is formed which is a bullish formation.
Just see how we formed a top 2 times, RSI being over bought, then slowly cooling off from the rally, RSI decresing, a small pump then a drop, and then a new cycle!

Howeverr, before XVG takes off there is a possibilty that XVG falls of to 440 sats level. Therefore i recommend to place stop losses and take profits optimally.

Happy investing1
Comments
MRVO1CE
what would be your forecast for this coin EOY?
anijin077
@MRVO1CE, I cant say technically for the year-end period. But fundamentally speaking, i also liked XVG until it was under 51% attack, then i researched about it further and found out that there were many security and privacy flaws associated with it. In the field of privacy, it's better to invest somewhere else like Komodo or Monero (my fav 2 from privacy). They offer better risk-reward ratio.

Nonetheless, small boats sail with the big ships so XVG may increase in price with others but not that much.
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