Verge broke through key resistance

We have breached a key resistance line. I will watch this and see if it holds. It provides good support for a move up to line 1.
I will use line 3 or 4 for stop according to price action.
Remember this is an unusual weekend with Chinese new year holiday and Presidents Day holiday in USA ,18 Jan

Note

Previous charting on left from January 7th when I was very bullish. But momentum faded so I got out with a tiny profit, but ahead of the crash.

Note

Trade active

Entered at 0.078
stop 0.074
take profit at 0.095
This may be revised later depending on price action

Note

It may take 48 hours more to reach our target. I may change this if it pushes above the almost horizontal line and this becomes support.
The pitchfork is not standard and is used only to show the ascending slopes and how it is moving up the slopes. If it starts to move down these slopes then I will reassess

Trade active

Move stop to 0.0077.
The trade is moving very slowly and may take another 24 hours to breakout of the wedge.

Note

IGNORE ABOVE CHART >IT IS SILVER XAGUSD NOT VERGE XVGUSD

Trade closed: stop reached

Stopped out at 0.0074 for loss of 5%

a1Keith

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a1Keith