Verge / TetherUSLong
XVG/USDT Chart Analysis
#Verge (
XVG) is trading at $0.012428, showing bullish potential after bouncing off strong support near $0.011854 (0.786 Fibonacci retracement). The price is forming a descending wedge pattern, indicating a possible breakout toward $0.019481 as the first target, followed by $0.024136 and $0.028229. Entry near $0.011854 with a stop loss below $0.010000 offers a favorable risk/reward setup. If support holds, Verge is well-positioned for a strong upward move.
XVG) is trading at $0.012428, showing bullish potential after bouncing off strong support near $0.011854 (0.786 Fibonacci retracement). The price is forming a descending wedge pattern, indicating a possible breakout toward $0.019481 as the first target, followed by $0.024136 and $0.028229. Entry near $0.011854 with a stop loss below $0.010000 offers a favorable risk/reward setup. If support holds, Verge is well-positioned for a strong upward move.
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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.