V0VOLAN

XVG bullflag- 4h huge MFI/RSI divergence

Long
BINANCE:XVGUSDT   Verge / TetherUS
Verge/XVG has formed bull flag pattern and it's currently bottoming inside of it. Bullish divergence is visible on both MFI and RSI across all hourly timeframes.

Entries:

  • Very aggressive: 0.022
  • Aggressive- after mid-channel trendline and previous highs from July 2021 level is reclaimed (0.02440)
  • Safe- after upper trendline of the channel or 0.3016 is reclaimed


Long term targets only:

TP1: 0.3099
TP2: 0.3405
TP3: 0.3727
TP4: OPEN++

(short-term traders will figure this out themselves)

Remember about risk management, especially that BTC has been quite volatile lately.
Comment: It's worth mentioning that according to twitter Verge halving took place on 22nd August 2021
Comment: update:

The price went up ~10% from first entry. Looking at macro view it's not looking that great, it may end up being one of those slow-movers, but we will se how it goes. Moved SL to entry so I'm protected from any losses.
Comment: update:

HOOOOOLLYYYYY....


TP1 (0.3099) -- (~35% profit) ¬¬ done