XVG BTC simple technical analysis breakout expected at 0.00000079
Here we can observe a Falling Wedge pattern in progress with XVG. Maybe we will witness a new All Time High within the next uptrend.
Oversold right at support line means a huge bounce if we hold, going to break immediate downtrend and oscillate back up through higher downtrend.
Verge has reached a major support as you can see from the chart. It's also the 61,8% Fibo Retracement. If this support will hold, i think Verge will get up high in the Sky. This is only the opinion if the writer and should not be seen as investment advice.
Since the elliott wave didnt performed uptrend, as showed us in the wave 5, the corrective wave ABC went downtrend, but didnt break the support, so its a good signal that can goes reversal and finally uptrend in next days.
Seems like Verge is going strong along the resistance downtrend line, with a good point of reversal ahead if RSI goes above 50 driving us to 70 and making a double top and further a uptrend line breaking the downtrend resistance line, finally. Its time for Verge!
Bottom support line Verge currency