chartagami

Breakout to the Downside Underway, Waiting Confirmation

BINANCE:XVGBTC   None
Verge broke out of its pattern. It was sandwiched by an upper and lower trend line. 100 and 55 EMA also added pressure with the price being able to break above even the 8, 13 and 31 EMA. Prior low of 739 (Binance) will confirm a lower low and possibility of a falling wedge pattern. This is a bullish pattern that once complete will bring us to enter a new impulse wave up towards higher highs. However correcting to the 0.236 fib level would be in its sights. Eyeing price above or below 739 for confirmation.

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