Don't take this analysis as a trading advice. Hopefully we can reach 0.01$ in the next few days, just HODL on Verge
The risk reward for this setup is great. It is worth taking if you believe in this project and like what they do. This is obviously a long term hold and if we can break out of the triangle we are in. Then sky is the limit. What are your thoughts? Trade with care.
My first published chart. Welcome all compliments and criticisms. XVG is coming to the point in a pennant started back in May. Its unlikely that if Segwit2x plays out, that the same trend will continue. However, that the price action has consistantly hit a high of $0.0082 and stayed healthily above 0.5 in the retracement may show signs of future growth for this...
Bitcoin has been seeing ATH while Verge has been consistent with being stable bouncing within 100 sat over 6 months with much respect to the trend line and support at 80 sat. Price targets 120, 180, 250, all very reasonable. After updates, Tor integration, I2P android wallet, wraith protocol "Optional private ledger", VISP, wallet UI overhaul, atomic swap, update...
In this TA we can see an uptrend with a potential for a long position with a chance of +220% performance
Just an observation - what do you all think? Check out the similar circled downtrend patterns. Can we expect a huge IMPULSE BREAKOUT?!