You are viewing a single comment's thread from:
RE: The Infamous Verge (XVG) Triangle - It Broke down - Now What?
Looks like there's still some room to play with in the wedge formed on the 4 hour chart. Funnily enough this is very similar to what happened to Ripple at the $.25 price point before it went up to incredible new highs. I think this will be a similar situation, but not as potent.
In the chart below, the bottom trendline has been tested 4 times (and including 1 close call), making it a very strong support. Looking for a bullish move but won't enter a position until a confirmation breakout (multiple times it wicked out of the trend line).
I really do need to add this 4 hour chart to my repertoire, seems to be working great for cryptos.
Appreciate you sharing the analysis, good stuff! :-)
No problem!
Charting on the 4 hr and drilling down to the 1 hr has given a really good snapshot with potential trades. Plus its easier to find fib areas with the 4 hr charts, which work great in Crypto as well (seems like you've used them).