XVG is located in a sensetive zone, there is an Ascending Triangle in this chart and if it breaks from each side price will continue to that direction !!!
The possible zones which price can touch has been shown in the chart by white lines.
According to Andrew's Pitchfork's Tail which located in into the fork and reducing momentum, it seems that price prefer to...
- As the weekly moving averages are getting closer and closer, it looks highly possible that XVGUSD can touch the main trend line once again when the next bull cycle starts.
Fundamentals looking very strong:
- Verge FCAS (Fundamental Crypto Asset Score) is A (789)
- It is one of the 58 coins chosen by Ice Markets (mother company of BAKKT) to be included in...
Verge is hitting the "do or die" level... There is technically good probability of bounce higher if the history will repeat... According to actual situation when BTC is draining life from altcoins, be careful and limit your risk. The first target is 100sat.
The XVGBTC is moving within a descending triangle since july 2017.
The support of this triangle is at 0.00000048 sats which is very firm and cannot be broken sofar.
The RSI upto week chart is already oversold and the 2 week chart's RSI is almost near at oversold.
In the meanwhile the price action is also forming a bearish shark which can lead to huge profit...
Verge right now is clearly still trending downwards but it looks like it MIGHT be time for it to break up to at least the upper trend line again.
It's also currently re-testing the previous all time low that it just went below a couple of days ago so to be safe the most recent downtrend certainly needs to be broken!
Watch this chart to see when the downtrend...
As you Can see in the chart we share with you XVGBTC is Still in a downtrend in Major Trend there is Meanwhile support level at 44 satoshi.
The market will be turned bullish cycle after that hitting that supports level.
Note: This is only for Educational Purpose this is not Investment advice.
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XVG is always a talking point. Verge is a really good and quick cryptocurrency but due to it's supply and amount of bearish pressure it has had a big rundown to the floor. It is still in a bearish cycle so wait for entry. Remember a tight stoploss but this could have some monster gains if the altcoins do pick up.
Verge (XVGBTC) is going to challenge EMA50, which is sitting at 76 satoshis for the first time since May.
From the current price, that's about 15% profits potential... But that's not all, we believe that it will go even higher and challenge EMA200 at 135 satoshis, which can generate up to 100% profits.
The downtrend has been broken and XVGBTC is now trading...