weslad

XVGUSDT Change of trend Journey begins

Long
weslad Updated   
BINANCE:XVGUSDT   Verge / TetherUS
After a thorough analysis on XVGUSDT, we identified some key points to consider. XVGUSDT has recently had a change of trend by breaking out of a major downtrend. We expect the price to pull back to confirm the breakout.

Our analysis suggests that the breakout is likely to be confirmed soon. The bullish target for XVGUSDT is at the $0.018684 area. However, we should also be aware of a potential breakdown if the price fails to hold the trendline on the pullback re-test.

In the event of a breakdown, we have identified a major support zone of $0.000787-$0.001066, which we anticipate to act as a strong support level for XVGUSDT. Remember we should be prepared to adjust our positions accordingly if the price breaks below Area of interest zone.

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