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I will definitely be buying before this breaks out of the Chanel.
If it breaks down, its game over for XVG.
COMPLETE RIGHT WING
#XVG The Big Support between 0.023/0.020 buy and hold For big Profits
If you like more details ..please see BTC/XVG on binance
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 ...
Bull run ahead?
xvg buy at 0.035$ area
$XVG: Wait till price hit $0.051 to take long to target $0.061
We need to brake resistance of 0,0573 USD(blue line) ,and not fall under 0,0541 USD.
XVG is consolidating before the next leg up. Expect it to do this until June 1st or so then go parabolic to roughly $0.23. There is resistance along the way but no worries. HODL for payday.
As we can see from beginning of the year,XVG has lower lows,but looks like it is on the end of this appex.
Break out comming soon.
XVG is testing resistance at the 50 MA. Volume needs to pick up more in order to breakout from the previous support/resistance around $0.78.
RSI is indicating the price movement is strengthening. XVG has been consolidating for a good bit of time now...volume will be the catalyst that is needed in order to reach higher targets.