The Verge Trade is ON!
I wrote about a trade setup for Verge the other day.
I traded on Verge this morning entering at 4.5 cents and it has risen to 7 cents in the last 17 hours. I'm still in and watching closely. Verge did not complete the last touch of the Bulkowski Trend line but when BTC took off it was a good signal. I had mentioned the importance of BTC pricing on Verge in my post, If I were out of Verge I would consider getting in if it pulls back a good bit from 7 cents. It could go much higher from 7 cents .
Watch for a closed candle on the 4 hour chart over the FIB 0.236 line at 0.743 Cents for a short term confirmation. If Verge Closes above the upper Bulkowski Trend line somewhere between here and 10 cents then hang on to your hats.
I would close this trade if the price falls to 5.8 Cents and watch for a new entry.
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All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
Comment:
Heads up, Verge is close to an old support area and someone(s) have jumped in and bought a lot of Verge up. Is a pump being planned? I'm no fan of pumps and never try to play them. But if this is real accumulation by pros it means something. I don't know but it's worth watching.