PolarHusk

XVG/BTC (Testing Weekly Key Level Support)

BINANCE:XVGBTC   Verge / Bitcoin
๐Ÿ’ŽTechnical Analysis Summary๐Ÿ’Ž

BINANCE: XVGBTC

-VERGE has been trading inside this descending channel for quite some time now
-The price is already back at its key level of support on the weekly chart
-For the 1st time, last week's candle is green which shows a weakening selling pressure
-But this is still not enough to change the bigger trend
-XVG needs to break above this channel resistance and consolidation for a few days
-From there, the Bullish scenario will increase and the risk will be reduced



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Comments

It may go according to the scenario if the support does not break. I see it as a very strong support. Thank you for sharing
Reply
PolarHusk Saeed966
@Saeed966, Thanks mate ๐Ÿปโ€โ„๏ธ๐Ÿ˜ƒ
Reply
I support your view of the market.
Reply
PolarHusk SpartaBTC
@SpartaBTC, Thank u ๐Ÿปโ€โ„๏ธ๐Ÿ˜ƒ
Reply
very nice setup
Reply
PolarHusk Stargazer_fx
@Stargazer_fx, Thanks mate! ๐Ÿปโ€โ„๏ธ๐Ÿ˜ƒ
Reply
Great! ThanksForSharing
Reply
PolarHusk Mahtab_sh
@Mahtab_sh, Thanks a lot! ๐Ÿปโ€โ„๏ธ๐Ÿ˜ƒ
Reply
Good one! I look for a similar set up in my idea
Reply
PolarHusk plancton0618
@plancton0618, Same idea. ๐Ÿปโ€โ„๏ธ๐Ÿ˜ƒ
Reply
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