Verge (XVG) is forming triangle
Verge (XVG) is forming an ascending triangle. Currently, it is active support is at 1150 sat.
Wait for the price to approach upper edge of triangle.
Resistances are Fibonacci levels.
Wait for the price to approach upper edge of triangle.
Resistances are Fibonacci levels.
Note
Possible breakout of XVG.
T1 1500 sat
T2 1800 sat
Note
XVG is still following the triangle pattern. Breakout did not happen.
Support and resistance are edges of the triangle.
Note
In case that Bitcoin becomes bearish XVG will fall easily to the next Fibonacci level.
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Disclaimer
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.