Verge / Bitcoin
Updated

Patience, downward channel, trade accordingly, still on target.

1 009
It looks we still have a lot of resistance, and that makes sense, no real news yet, only speculation.

We broke below the Descending Triangle, sad, but not unforeseen.

We are still looking for our leg at B point, And seems like we might be getting something,
Between this sequence right here, 5-1-2.

2,3,4 is possible and would make for some good entries on 3 and 5, but that would be just super Delicious.

Stop loss anything below the Major Support channel line.

Descending channel need to have a break out.

BTC ascend is making XVGBTC price go down, good,
the chart is indicating all is fine, as long we are not below major trend support.

Remember your $ value is doing just FINE. Don't let the chart fool you.

/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/

If you want your coin to be analysed, please PM me.

Thank you,
Ajion
Trade active
Buy on that break out, 2.5% risk here
Trade closed: stop reached
False break out.

Now we got another chance at point 1.
Trade active
Falling wedge and a channel broken, reversing trend. Steady bull trend need to form now for confirmation.
Note
Angel of the channel changed, possible 2 inverse hammers on 1hr chart can signal further down ward action. Tight stop losses, below 800 SATs.
Note
Breakout looming.
Note
2nd try, volumes need to pick up
Note
Lets see if are going to hit 5, and break out or hit 5 and break down :(.
Note
This is it gents, final point of support.we are fighting for point 5.
Note
snapshot

Better view of what is going now.

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