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:
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.
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.
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It's worth mentioning that according to twitter Verge halving took place on 22nd August 2021
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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.
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.
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update:
HOOOOOLLYYYYY....
TP1 (0.3099) -- (~35% profit) ¬¬ done
HOOOOOLLYYYYY....
TP1 (0.3099) -- (~35% profit) ¬¬ done