Heres a 3 month view using 1h time frame. As you can see, verge is completing a nearly perfect cup and handle.
As a coin forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
RSI is in the oversold teritory.
Next resistance line is coming up at .00000697 then .00000875 Sats.
As a coin forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
RSI is in the oversold teritory.
Next resistance line is coming up at .00000697 then .00000875 Sats.
Trade closed: target reached
Target was reached at 697. Verge is pumping into the next territoryTrade active
trade isn't closed :)Trade active
next stop 875 sats. verge is killing it!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.