It seems XVG will finally be leaving the downward channel its been in since August of '18, unless it rebounds down pretty soon. Otherwise, it's finding support along the 20, 50, 200-day MA's on the 12-hour chart.
This is probably a very great buying range to the next potential bull market coming up.
This is not trading advice. Take it with a grain of salt like...
Verge (XVGBTC) is now facing resistance in the form of MA200 (black line)... which is the level that will decide what happens next.
Right now we have a higher low and a full retrace with prices for XVGBTC moving below the 0.786 fib. retracement support and then moving back above it... This should signal the end of the retrace.
Now, if MA200 or 0.00000047 can be...
BINANCE:XVGBTC is swimming in the grey zone !
Wait for a good signal.
yellow - MA 20
Blue - MA 50
Red - MA 200
Grey - MA 50 + 200
I accept all advices, thank !
* This is not financial advice bla bla bla bla.....
50 DMA crossed above 200 DMA, forming harmonic, support trend-line that coincides with the bullish shark, it could break out prematurely so I will be watching
I AM NOT A FINANCIAL ADVISER, do your own research.
Verge looks so good! BUYING OPPORTUNITY.
It has finished the corrective trend (ABC) of the second wave (2) and it looks it's going to start the third wave (3) and the biggest one.
If verge breaks the 50 satoshi resistance, it will go for the 120 satoshi objective.
Verge (XVGBTC) is forming a descending triangle, easily visible on the above chart... Is the retrace over?
Notice the bottom part of the triangle, we can see higher lows being hit... By looking at the upper side, we can lower highs...
Volume is decreasing overall but there is an increase in bullish volume... Here is what happens next!
Verge (XVGBTC) Potential...
I had post before about that MA100 and MA200 almost cross each other. My opinion about the future is, when the both lines cross each other that verge will be go higher and when the BTC halving is past then it will be go look like a rocket. But that is my opinion and analystic look on the chart, what is yours?