Verge aprroaching strong Demand zone in Breakout Pattern.
Hey, I am back with Another Technical Analysis, this time taking look again at Verge.
Last time I gave Free Signal on Verge which has led to 30% breakout, since it was in strong demand zone for a while.
Verge - Privacy as a choice.
Verge has seen major selloff due to what was considered bad news, partnership with PornHub.
But its not that bad when you give it a second look on the whole industry.
That was about Verge in short.
Taking look at the chart.
Verge has seen pretty run up, and now it has drawn Descending Wedge pattern which is a bullish pattern. Currently the Wedge is headed to Strong demand zone ( Support Area) which could lead to breakout.
Taking look at the Indicators.
MACD giving slight buy signal, but can curve down really easily that could mean better entry.
RSI fails to break bullish key level, but impulse from demand zone should break that 52 level easily.
Hope I made your view on whats going on with Verge somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Last time I gave Free Signal on Verge which has led to 30% breakout, since it was in strong demand zone for a while.
Verge - Privacy as a choice.
Verge has seen major selloff due to what was considered bad news, partnership with PornHub.
But its not that bad when you give it a second look on the whole industry.
That was about Verge in short.
Taking look at the chart.
Verge has seen pretty run up, and now it has drawn Descending Wedge pattern which is a bullish pattern. Currently the Wedge is headed to Strong demand zone ( Support Area) which could lead to breakout.
Taking look at the Indicators.
MACD giving slight buy signal, but can curve down really easily that could mean better entry.
RSI fails to break bullish key level, but impulse from demand zone should break that 52 level easily.
Hope I made your view on whats going on with Verge somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Bình luận:
Second time trying to break trendline.
Bình luận:
Verge is acting Strong.
