Verge / TetherUS
Long
Mis à jour

#XVGUSDT — Symmetrical Triangle at Apex: Breakout?

91
#XVG

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone (in green) at 0.002086. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.002090
Target 1: 0.002264
Target 2: 0.002312
Target 3: 0.002377

Stop Loss: At the resistance zone (in green)

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
Trade fermée: cible de profit atteinte


#XVG
Target 1: 0.002264 Reached
Target 2: 0.002312 Reached
Target 3: 0.002377 Reached

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.