Hello Traders,
Verge coin already successully break symmetrical triangle chart pattern and create new high so if we use here Dow Theory so we have already HH and new HL so possibilities here start uptrend and you can book good profit for short and mid term.
Symmetrical Triangle is a chart pattern,
Characterized by converging top and bottoms. The bottom of the triangle is an up sloping support trend line and the top is down sloping resistance trend line.
It may be both reversal or continuation chart pattern.
An uptrend can simply be defined as a series of higher-highs in price,
Coupled with higher-lows. In other words, the overall price direction is higher,
Even though the price will experience corrections along the way. A downtrend is a series of lower-high and lower-low price swings.
See here our latest analysis.
BTC/USD:
SIA/BTC:
XVG/BTC:
BTC/USD:
Wish you all the best guys.
Verge coin already successully break symmetrical triangle chart pattern and create new high so if we use here Dow Theory so we have already HH and new HL so possibilities here start uptrend and you can book good profit for short and mid term.
Symmetrical Triangle is a chart pattern,
Characterized by converging top and bottoms. The bottom of the triangle is an up sloping support trend line and the top is down sloping resistance trend line.
It may be both reversal or continuation chart pattern.
An uptrend can simply be defined as a series of higher-highs in price,
Coupled with higher-lows. In other words, the overall price direction is higher,
Even though the price will experience corrections along the way. A downtrend is a series of lower-high and lower-low price swings.
See here our latest analysis.
BTC/USD:
SIA/BTC:
XVG/BTC:
BTC/USD:
Wish you all the best guys.