XVG/USD has been in an up move for some time. Price has been making higher highs, most recently at $0.22 ( 01-09 ).
After XVG/USD had a short term correction to the downside, I am now expecting an up move to my upside target of $0.060.
I am expecting Verge continue with the current upside momentum, and I am expecting a move to at least $0.066. It could either break out now, or hit the target in the longer term.
This trade could play out in 2 ways:
-Price continues to rally to the upside to the upside target of $0.065. Bare in mind if this plays out that there will likely be some corrections on the way to the upside target.
-Price retests the resistance turned support at around $0.057 after the move begins. This is not before having a retest at the lows with the horizontal at $0.048.
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