Verge / BitcoinUpdated XVG Key Support
XVG is sitting on support of the Bottom of Square just above the 38.20% fib, the candles are trapped under the Gann 2x1 fib ray - If the price manages to stay sideways it is possible for the candles to reach the 38.20% fib and rejoin the red 2x2 fib ray - The volume is low, if the price drops more the candles will find first support on the 2x2 fib ray or failing that the 23.80% fib - Full disclosure, I'm not a big believer in XVG, most of its price rise was due to Mcafee hyping it and i do believe that served him very well
Note
Candles stopped on the 23.60% - Support for now but the whole market is unsteady - When we hit a full reversal BTC will likely recover first
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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.