After rising sharply from 25st to 55sts as our previous analysis, XVG continues to be rejected and is priced lower than 40sts, this is a very strong resistance zone and it will be very difficult to conquer.
Currently, XVG is heading to the 30sts zone and this is a good buy zone for XVG for the targets of 40sts - 60sts and even 75sts. The 60sts could be a reversal...
💎Technical Analysis Summary💎
-Verge is now approaching major support area
-This zone was the last area before the massive pump last June
-If this area can hold for a few days and form any reversal pattern
-XVG could break out the midterm trendline resistance
-The upside potential target is up to 50s sat or...
XVG is in a fairly strong price adjustment phase and I think the selling pressure is very weak and XVG is almost ready for the upcoming pump.
You could consider buying XVG in the 57-62sts zone for a rally to 80-85sts or possibly breaking up to 120sts or even 150sts by the end of this year.
It will be dangerous if XVG falls off 55sts
Hi friends is hope you are doing well and welcome to the new update on Verge coin. The XVG coin has surged more than 500% with US dollar pair and 205% with Bitcoin pair. In my previous post I posted analysis with US Dollar pair if you missed that then here is the link for that...
We are within a correction movement for XVG and we can see that we also have support in the 70 sats region, let's see how the price behaves in this support we also have the 20 periods moving average support test, we may have bulls on this area, but it is a dangerous buy, the asset will only look bullish above 80 sats area. This is also a 50%...
We covered this one not too long ago on the monthly chart.
It is still red but we will see how this months candle will close with the Crossover strategy as it's been bleeding red for over 2.5 years!
It's definitely been a major correction and due for a major bull cycle.
We now have the weekly pulled up trying to find early confirmation of a major trend...
XVG is at an interesting point, and positions traders up for two opportunities. XVG is pushing off of the support, but held back by a strong downward trend. I expect the current run on XVG to go up to 47 sats near the 200MA, which holds a small resistance order block. A possible wick up to 49-51 sats is possible. This is the major order block zone....