Hey traders! I just saw something amazing in Verge´s chart that might be of your interest. As you can see, there´s a big symmetric triangle pattern in formation which might be about to consolidate in next few days. Verge has adquired a lot of reputation and popularity since last month, and it is currently in a strong uptrend, that can become even stronger when the breakout occurs. This increment looks masive, and you definetly can´t lose this trading opportunity. You can also notice how volume has been decreasing throughout pattern formation, however, more importantly, we can see more volume in bullish movements than in bearish movements, that´s exactly the reason why I think breakout will occur at the top of the triangle, and therefore we will see a bullish movement.
MY ORDERS
BUYSTOP: 0.21300000
Tip: Try to set up your BuyStop order in a point you think pattern has already consolidate, and it will move upwards.
TakeProfit 1: 0.29500000
TakeProfit 2: 0.39500000
Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)
Are you interested in Technical Analysis?
I recommend you the John Murphy´s book: Technical Analysis of Financial Markets. It is a great introductory book.
If you like my work and want to support it, you can donate to the following wallets :)
BTC: 1GH4hqDbWXmGrc6seycMt5TMrA38c6ZtDi
ETH: 0x62dda4a7dab3d9cc5a02d89f82eaf405104af0aa
XVG: DTnnhvQTg4GhML98i8NgMqPJLabuB7GCt6
If you find this analysis helpful, don't forget to follow, like and comment. I use to upload new analysis every day :)
Please support me by upvoting my post. Thank you!!