XVG/BTC @0.000112 . Verge . Price Analysis . 13-1-2018

in #verge7 years ago (edited)

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Check out the bullish triangle formed on daily chart of XVG/BTC.

The price will continue to surf between triangle lines. The triangle is bullish triangle because it is followed by a strong bullish wave.

If the upper trendline will be broken then we may see a new bullish wave, for a new all time high

Support: 0.00001 , 0.0000084 , 0.0000075
Resistance: 0.000015 , 0.0000175 , 0.00001995

Because this is a bullish pattern so the break and close above the upper trendline will give the market a bullish boost but break below the lower trendline will keep the market move uncertain and low volatile.

0.00001 - 0.000011 is best buying oppurtunity, Buying again Bitcoin and USD has almost some impact at the moment.

Disclaimer: This post is based on my own analysis and idea. this is not a trading advice

Thank-you

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