. There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XVGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
VERGE (XVG) is showing a rather bullish wedge that broke out and price worked to put in wave 1 and is likely still working to finish wave 2. While wave 1 isn't the most beautiful impulse; it is acceptable given the bullish background in Cryptosphere.
The subwaves have been labeled and the corrective abc shows that C is complete with all five subwves. This gives...
Triangle magic. XVG has broken support of the symmetrical blue triangle. will most likely retrace to the green support line of the bigger triangle, where it will continue until breaking through red resistance point.
See yellow arrows of previous and possible future trends.
VERGE had some consolidation on verge,
You can take long positions or scal in the trading channel.
the moment the lower trendline get broken, for instance when you see at least a 15 and 30 minute candle closing outside the channel. you can assume the consolidation broke downwards.
Secondly take into account in case of a major spike downward, the market...
Verge, XVG is ready to climb higher towards 1 dollar area.
Several billionaire individuals have stated verge would go to the moon, based on the tech team and technology they use.
John mcaffee stated verge could go to 15 dollar. Verge is at on 0.17 dollar currently. Which means an increase in valeu of x 100!
Verge has broken the upper trendline of the most...