without_worries

Verge about to make a move?

Long
BITTREX:XVGBTC   Verge / Bitcoin
A number of interesting signals on the 3-day chart. Verge has been consolidating since August having formed a bottoming candle on August 11th. A green candle has now formed on top of the downtrend slope that's been forming since January. Stochastic RSI has made a sudden move upward. There is an evident increase in volume and even though it's small on the screen that's $1.1b. On the 1-day chart below we can see a symmetrical triangle formed with an uptrend, which indicates the 50 day moving average is about to be tested once more. All looking good, let's wait and see.

Comment:
I should say 1.1b XVG not Dollars!
Trade active:
Volume in uptrend, support on the 50 MA now appears on the 3-day chart, Stochastic in powerful up movement together with higher lows on the 3-day RSI chart. About as good as it gets. Wait for more volume if you're risk adverse. In which case, that's no one otherwise you'd not be reading a crypto chart.

Trade active:
For.a safer bet, wait until support is found on the bottoming candle,

BTC
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Allow 3-6 months on ideas. Not investment advice. DYOR
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