Verge (XVGBTC) grew by 540% in its initial bullish wave, the bullish breakout that marked the end of a multi-year long bear market for this trading pair.
This wave took place between late June and early July. As is normal and expected a correction followed the massive growth. A 64% correction, XVGBTC moving from a peak of 32 sats back to 11 sats, right above the 0.786 Fib. retracement level relative to the bullish breakout.
After a total of 63 days in correction+consolidation mode, XVGBTC is now moving again, going bullish and this is marked by a strong green candle and a break above EMA50.
We see potential for prices to grow and hit a new high, the target being 55 sats or 250% from the current price.
From bottom to top, 27-June low to the potential next peak, we have a total of 1,000%... In just a few months.
My believe is that the entire Cryptocurrency market is set to grow.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.