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RE: The Infamous Verge (XVG) Triangle - It Broke down - Now What?
I hate lines and triangles on charts. Too many people put too much stock in them. They are one indicator, but not the only indicator. :(
Agreed. Many indicators out there. Many of them are driven off of price data so I generally keep it simple and just look for support/resistance and reversal patterns coupled with volume. It has served me well in crypto.
I'll look at fibs and elliot if I am struggling to find targets since I understand all that, but for me KISS approach is working best.