Verge about to make a move?

15 thg 12, 2018

A number of interesting signals on the 3-day chart. Verge has been consolidating since August having formed a bottoming candle on August 11th. A green candle has now formed on top of the downtrend slope that's been forming since January. Stochastic RSI has made a sudden move upward. There is an evident increase in volume and even though it's small on the screen that's 1.1b. On the 1-day chart below we can see a symmetrical triangle formed with an uptrend, which indicates the 50 day moving average is about to be tested once more. All looking good, let's wait and see.

17 thg 12, 2018

Ghi chú

I should say 1.1b XVG not Dollars!

21 thg 12, 2018

Giao dịch đang hoạt động

Volume in uptrend, support on the 50 MA now appears on the 3-day chart, Stochastic in powerful up movement together with higher lows on the 3-day RSI chart. About as good as it gets. Wait for more volume if you're risk adverse. In which case, that's no one otherwise you'd not be reading a crypto chart.

21 thg 12, 2018

Giao dịch đang hoạt động

For.a safer bet, wait until support is found on the bottoming candle,