Verge Prepare to Bounce (XVG /BTC) Technical Analyze

annelise (25)in #bitcoin • 6 years ago (edited)

Hello Stemian

I try to share my technical analyze about verge

image-2018-04-19 (4).jpg

This picture show XVG/BTC on binance TF 4 Hours. If u look at this picture u will see the price is hold on 200 Moving average. And if you see the fibonacci level, XVG/BTC is on 0.618 fibonacci level, this is Golden ratio level. The 200 moving average is a strong moving average that can be use as support or resistant.

image-2018-04-19 (3).jpg

This picture show XVG/BTC on 1 hours timeframe. The correction after high pump yesterday has form falling wedges pattern. its a reversal pattern. and if i combine with stock RSI and RSI the both of indicator form Bullish divergent.
If you want to buy XVG/BTC u can buy now, and dont greedy to take profit

Have a good day :)

Join our telegram group
Telegram : https://t.me/THR_IC

#cryptocurrency #trading #technical-analyze #promote