I've been charting XVG for a while now and I believe that a new surge in on its way! It looks as if it created its new support line and is showing upward trends.
I am currently thinking that Verge will take a few days to break through the new resistance line (Purple line)
So lets get started!
***I personally use Ethereum to do my transactions/transfers to altcoins. If you use BTC then your graph may look slightly different. Keep that in mind when purchasing.
Firstly, as marked in my graph, I put an orange line at the bottom.
This is where, I believe, is Verge's new support line. If you look back a few days Verge actually fell back on this line as well.
The solid purple line will become the new resistance line. Once Verge breaks through this line we will start seeing tremendous gains!
So the best time to buy Verge is in my little blue box. This range is between 0.00021550-0.00019500
***Now of course before doing any major investments, we must make sure we have a stop-limit. I always believe that a stop limit should be around 5% give or take. Some people like to do stop orders around 7% so whatever you believe I think you should do. ***
The first milestone is the blue dotted line. (0.00024104) (Realistic) (Sell 10%)
This is where I will take my first cut out of Verge. Take a little money for yourself just for insurance sake.
The second milestone is marked at the green dotted line (0.00027825) (Realistic) (Sell 10%)
If you look a few days back you can see where this dotted line hits. This is a very realistic number to hit, and I believe it can be done in a few days.
The third milestone is marked at the orange dotted line (0.00032624) (Realistic) (Sell 40%)
This milestone may take a few days. After Verge surges in the next few days we can see the third milestone be hit.
The fourth milestone is marked with the red dotted line. (0.00037690) (At least a week) (SELL REST)
This is the final push and will at least take a week. If verge reaches this milestone , which it will, this is where I would cash my remaining shares.
Thank you for reading my post and I hope you enjoy. Make sure, once again, you do your own charting and research and let me know if you find anything that I missed. Happy trading!