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XVG / USDT Local work. Large cup. The Dragon.

984
Rollback from the resistance of the big cup (yellow level) by -81%, the price is at the dynamic support of this formation. If there is a local reversal breakout of the local downtrend (red). Potentially, within the framework of the formation of the 3rd phase of the cup, the "Dragon" formation is being worked out. The resistance of the cup to fly on this "rocket plane" is about + 180%.

If the price overcomes this resistance and consolidates, then the potential for working out the "cup and handle" is enormous (the bottom of the cup is 2000%). The target are impressive, but it probably won't happen now. To the historical highs of these values ​​+ 900%.

But do not forget that from the 2nd phase of the cup (accumulation after reset) the price is now about + 560% against the dollar, take this into account in your trading. Comply with risk management and limit them.

This coin on coinmarketcap: XVG (Verge)

This is the main trend of this coin (part). XVG / USDT Large cup. Rollback.
XVG / USDT Large cup. Rollback.
Note
snapshot Local trading situation. Double bottom. The price is at the intersection of the trend lines.
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snapshot The price reached the support level of 0.0169 and only from it the breakdown of the downtrend line began. At the moment about +30% from the breakdown. Local resistance is the former highs (top of the double bottom)
Note
XVG/USDT snapshot +124% at the moment. Reached the target zone of the level 411 #Profit #XVG
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snapshot A pullback from the 411 level zone. The price reached the level zone 0.25. There are attempts to stop the decline (about 1 week is holding the price). Also clearly visible horizontal channel, the price is now in its central part. The reversal points of the level zones, on which the development of this trend depends on the chart showed
Note
snapshot At the moment there is a hold on the price in the support zone of the internal channel 0.02
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snapshot + 70% from a local reversal. Supporting the inner channel, the price reached the resistance of the inner channel. The beginning of practicing the "Dragon" pattern
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snapshot +107% from the support zone of the horizontal channel, more than +50% from the breakdown zone of the downtrend line of the secondary trend (working off the Dragon figure targets). At the moment the price has approached the resistance zone of the outer horizontal channel. An important reversal zone or continuation of the trend. There is volume of the buyer.
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altcoinscryptocryptocurrenciesCryptocurrencycryptotradingPAMPPivot PointsTrend AnalysisTrend LinesxvgXVGUSDXVGUSDT
SpartaBTC
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Also on:

Related publications

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.