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.