$0.0054 is hard support of XVG/USDT
We can easily see the Double Top model in both large and small timeframes
Breakout point of $0.0063 is suitable for buying
The targets are clearly described on the chart
Stoploss at $0.00578
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Answer: Because of the triangle, because of the triangle tip. The triangle is a pattern where the price could make pretty big moves after the breakout. If the price approaching the triangle tip, then the price is smashed together and it will be ready to explode.
Currently, XVG is ready to make a move AFTER You have seen a candle close above the...
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Wait for a 4H candle close above the down trendline which will indicate that the Verge may want to change short-term direction and the first target is the light...
A bit of relief in the Bear market but no Bull Market Confirmation. The price might recover a bit to the levels indicated but most likely nothing over .034 unless a true bull market confirmation. There is a strong down trend resistance line that must be broken for a reversal to be confirmed. Expect the price to test lower lows if bull market not confirmed.
Another fake out ? Seems like Verge has been bouncing off this diagonal resistance for quiet some time and tested it twice before. So will resistance hold this time or is it ready to run like Forest Gump.
The whole market seem little shaking waiting for btc to hit the 5k area or break out. So its best to sit on the side line and wait for a clear break out...