Hi everyone !
Lets get straight away to this analyze of 1 day charts of Verge USD !
As I Told you on 9 of March in this analyze
We are currently in the process of formation of Big H&S Pattern. Next target 0.087-0.097 ! But Be careful as we may break down as we still have a low volume !
Reasonable buy would be around 0.036 (just above our HIGH from 16.03.2018 as on picture below).
Stop loss would be in this case. 0.0315
Sell target 0.087
We should follow a yellow curve, and as you can see The DEMA50 have cross DEMA200, which normally is a sign of change of direction in a close future. And As you could see we get to the bottom of our support line from 2015 ! If we will break it, that wouldn't be a good sign.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. (If you will take my advice, I don't take any responsibilities in case of loss.) It is to be used for educational purposes only.
Lets get straight away to this analyze of 1 day charts of Verge USD !
As I Told you on 9 of March in this analyze
Reasonable buy would be around 0.036 (just above our HIGH from 16.03.2018 as on picture below).
Stop loss would be in this case. 0.0315
Sell target 0.087
We should follow a yellow curve, and as you can see The DEMA50 have cross DEMA200, which normally is a sign of change of direction in a close future. And As you could see we get to the bottom of our support line from 2015 ! If we will break it, that wouldn't be a good sign.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. (If you will take my advice, I don't take any responsibilities in case of loss.) It is to be used for educational purposes only.