Lets get straight away to this analyze of 1 day charts of Verge USD !
As I Told you on 9 of March in this analyze https://www.tradingview.com/chart/XVGUSD...
We are currently in the process of formation of Big Pattern. Next target 0.087-0.097 ! But Be careful as we may break down as we still have a low !
Reasonable buy would be around 0.036 (just above our HIGH from 16.03.2018 as on picture below).
Stop loss would be in this case. 0.0315
Sell target 0.087
We should follow a yellow curve, and as you can see The DEMA50 have cross DEMA200, which normally is a sign of change of direction in a close future. And As you could see we get to the bottom of our support line from 2015 ! If we will break it, that wouldn't be a good sign.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. (If you will take my advice, I don't take any responsibilities in case of loss.) It is to be used for educational purposes only.