Verge: Pullish Entry [+200% Potential]

in steemit •  7 years ago 

Hi Everyone,
I'm going do a quick post analysis about Verge.
The Verge market is in the the Pullish market.


Price Factors:
- The overall market is Strong up trend.
- The Price to the Breakout Area ( 0.00000989 - 0.00001032 ). This also acting as a very strong Support Area because of many rejected in the past.
- The Price keep holding above this Area.
- The momentum of down move showing signs of weakness.
- The Price stucking inside the mini Range ( The Yellow Box on the chart ) and also in the bottom of the range.
- We also have the Triangle

Indicator Factors:
- Price broke through the Base + Conversion + Cloud of Ichimoku
- MACD below 0 and showing cross-over soon.
- Stoch RSI bottom of oversold and pointing upward.

Conclusion:
- Entry price: 0.00000989 - 0.00001032 ( maybe lower )
- Target 1: 0.00002495 - 0.00002520
- Target 2: 0.00003158 - 0.00003204
- Stop: 0.00000757 - 0.00000807 ( I not place Stop but if you need please below this Area for safe ).

Disclaimer: Trading is high of risk

Happy Trading. 

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!