XVG/USD consolidation still on going

BITTREX:XVGUSD   Verge / US Dollar (calculated by TradingView)
304 0

As the cryptos get purged Verge get purge too...

For a long term investor this is the opportunity to come in the market at good price. I dont expect an unrealistic big bounce for verge in the coming weeks but we are currently sitting on two supports lines.

One orange that could represent the bottom of a bullish channel and the blue which represent the bottom of the consolidation pattern. As the price are going lower, so it is for the volumes == This is a long position for me at this price.

Have a good day and dont panic :)
Comment: Nice rebounce today following the test yesterday, if we break the falling wedge we should confirme the end of the current bearish momentum.
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