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Wait for a 4H candle close above the down trendline which will indicate that the Verge may want to change short-term direction and the first target is the light blue area around 13%. Definitely wait for the 4H candle close and definitely watch what BTC' do. BTC major support level is the $3,580 and if it starts to fall lower then this then the current trade is invalid. Currently, I expect a bounce from BTC and this will guide VERGE' easily into the first target but still, wait for close confirmation!
BTC' Analysis:
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
You’re on fire this week. Great job with your calls! Also learned a lot from your confirmation candle approach. Terrific educational post. Many Thanks from my wallet
VaidoVeek
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@shadow_broker, Hi!
Thank You very much for your feedback, it means a lot to me!
Have a great weekend,
Cheers!
patilan
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Nice.
any long term prediction? Do you see more upward movement, or should i exit at the 2nd target ?
VaidoVeek
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@patilan, actually, partial profit taking would be correct on the current market situation, take half out after target 1. and take all out after target 2. The major target is the first one because on the crypto market we can't make any longer predictions!