Coder775

XVG Vergecurrency strenght may stay with US

Long
BINANCE:XVGBTC   Verge / Bitcoin
Hello everyone and welcome to an update of my previous analysis.

As I pointed previously that we have strong resistance at 127.2 fibonnaci level and we had a pullback from that level. There was attempt of breaking higher but it was unsuccessful as candle closed just at that level and from over there we went down to 100 fib to retest it as support, if that will be broken we may revisit 88.6 and 78.6 fibonnaci levels. On other side I think we need to close above 144 for more bullish action and towards 161.8 fibonnaci extension which is at around 162 sat also it is worth mentioning that at 155 fib we have another 161.8 from W1 time frame.

Also it is worth mentioning that on Sunday there is a first race of NASCAR with Gill in his wrapped Verge car. This will bring new people into verge so hold on tight and as you all know price won't move itself if you won't it to go up you need to buy if you want it to go down you need to sell. IT is as simple as that.

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.

"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."