Verge (XVGBTC) is in a good spot, it has been dropping since December 2017 and it is now ready for a major bullish wave, after 4 long years.
First is the weekly chart with the current price action:
Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7 months and always holding.
This is the lowest price seen since May 2017.
Now, let's zoom out!
The potential from the current price to the May 2021 is huge, 874%.
Now, let's go further back... I had to activate the log scale to be able to see the candles, the potential extends to 12,796%.
Here is the chart:
We are currently within a consolidation box, or a triangle, before the next breakout.
Based on different charting methods, market cycles and experience, the next break should go to the upside. (Time will tell).
We are not greedy, 100-300% is enough but the long-term picture looks bright.
Thanks a lot for the continued support.
Namaste.
First is the weekly chart with the current price action:
Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7 months and always holding.
This is the lowest price seen since May 2017.
Now, let's zoom out!
The potential from the current price to the May 2021 is huge, 874%.
Now, let's go further back... I had to activate the log scale to be able to see the candles, the potential extends to 12,796%.
Here is the chart:
We are currently within a consolidation box, or a triangle, before the next breakout.
Based on different charting methods, market cycles and experience, the next break should go to the upside. (Time will tell).
We are not greedy, 100-300% is enough but the long-term picture looks bright.
Thanks a lot for the continued support.
Namaste.
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➖ If you now enjoy the content, please consider support below...
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