XVG is building toward a nice trade setup. A Bulkowski Ascending has formed and 2 of the 3 required touchpoints on the lower have been completed. The trade becomes active when the price touches the lower for the 3rd time. Positive has been good and Verge is already up about 12% today in the process of forming this signal.
XVG is currently at about 20% of it's ATH price. Even if BTC recovers a little, you can look for a quick 200 or 300% pop upwards in price with Verge. XVG has a solid product, a great team and a very active community to support it. If XVG takes off, look to take some profits at the Fibonacci levels set by past price action. That would be at the 0.0743 cents and 0.1174 Cents levels.
Remember for XVG to really pop, BTC will need to make some upward progress that at least looks like the beginnings of a recovery from it's present bear price slump. the beginnings of a recovery from it's present bear price slump.
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