Could Bitcoin be heading to a new bull run ?
If the triangle is broken today on the daily candle and confirmed on the weekly candle i believe the correction will be over. The path won't be straight but the target by using the fibonacci extension leave us with a maximum target of arround 76K.
Let's see what will happen, some big volumes on a green...
Following the announcement of the partnership most people dump their xvg but this mouvement is part of the TA.
We completed a bullish run and we ended this run on the top of the bullish channel and under a big resistance. We are now in a correction phase and currently at the bottom of the H4 bullish channel. It is possible to see a bounce from there but...
XVG has been pushing on higher price since the rebounce from the bottom of the bullish channel.
On a lower time frame, XVG is under a key level, if it can go over the area 0.08/0.09 then a run into 0.2ct will be possible.
On the other case, if the price fail to go over the resistance we could go get a support on the moving average.
A close look to...
XVG has came to the bottom of his bullish channel and bounce nicely with some increase in the volume . Moreover the corrective periode might be over with the breaking of the flag.
Technically this might bring us in a new bullish impulsion (possibly trigged with the announcement on the 17th of april), XVG migh then heading to 2$.
Keep up and relax :)
As the cryptos get purged Verge get purge too...
For a long term investor this is the opportunity to come in the market at good price. I dont expect an unrealistic big bounce for verge in the coming weeks but we are currently sitting on two supports lines.
One orange that could represent the bottom of a bullish channel and the blue which represent the...
If the 0.15btc mark is broken in daily closure it might open the door to a new bullish impulse.
Reporting the previous movement we might go near the 1btc mark by the end of the year.
Keep an eye on it ;)
Please find the way to freedom ! I'am not talking about marketcap or any other fundamental background.
Just taking a simple technical analysis based on the 2 previous movements in a bullish chanel.