VERGE - Cup Formation. Short-term Bearish signals.
Atualizado
A cup formation is usually a bearish signal, however, we may see some slight selling off before another trend upwards as verge has been parabolic recently so it is not uncommon for a set of. When this is recovered from we can expect to see Verge breakthrough the resistance which is indicated by the orange line which will result in upwards movement two previous lies and maybe even above. it would be a good idea to accumulate on the support the buy zone is indicated by the purple rectangle.
As always trade the lines accordingly.
- MACD- lines look to be crossing over in the short perspective which is bearish.
- RSI - is slightly overbought which also signals an upcoming sell-off or bearish action.
As always trade the lines accordingly.
Nota
Accumulation point has been hit. (Pruple Box)Nota
Purple*Nota
Support has been broken and the price has now returned to an old one. We will see some consolidation before another move upwards.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.