AlexeyEfimik
Long

XVG/BTC Verge Triangle

BITTREX:XVGBTC   Verge / Bitcoin
Everyone who looks at the chart recognizes the triangle pattern . Most of the people are waiting for the break-up.
Entrance: close to the lower support on the break of the small resistance on the 1h chart within the triangle.
Stop loss: on the break lowest support line.
Kommentar: Go home, upper resistance line, you are drunk.
Why 3 resistance lines? It's how people perceive this triangle. Thicker lines indicate more people draw them. I found that they draw it in different places, however, the majority agrees that this is a triangle.
I agree with the middle thick line. That's what I would have drawn. thanks for the chart
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