Verge ready for a short

13 Nis 2018

Verge XVG has been strong for few weeks now trading in a beautiful channel. Movement at this rate is not sustainable with RSI now showing divergence.

Look for a break of the channel down as the signal for a short-term sell.

Good trading!

19 Nis 2018

Not

As expected Verge dropped to support albeit after the spike around news. Current bar looks promising to move back up to the recent high.
Remains to be seen how the market will react longer term to Verge's strategic way forward.