VERGE (XVG) Upddate (Looks like Moon) - 08/04/2018 CryptoShadow
VERGE UPDATE -
-XVG is bouncing off both the 55EMA and ichimoku cloud support
-A bounce here with volume could signal a rally at 11111 at the least (has the F.A behind XVG right now is strong)
It is possible that this ABC is part of wave A, but the fomo behind the coin makes this unlikely at present. We bounced off the 38.2 fib ratio perfect. The prime bounce target for a v bullish uptrend.
Mid term T1: 1118
Mid Term T2: 1505
Mid Term T3 = Moon
Resistance at 1072 (Also the next swing high target)
IS XVG SENSITIVE TO BTC'S MOVEMENTS?
YES BUT NOT AS MUCH AS OTHER COINS. IF BTC 0.82% IS REKT SUPPORT LEVELS FOR VERGE AT
BETWEEN 820 AND 750 so:
820
777
-XVG is bouncing off both the 55EMA and ichimoku cloud support
-A bounce here with volume could signal a rally at 11111 at the least (has the F.A behind XVG right now is strong)
It is possible that this ABC is part of wave A, but the fomo behind the coin makes this unlikely at present. We bounced off the 38.2 fib ratio perfect. The prime bounce target for a v bullish uptrend.
Mid term T1: 1118
Mid Term T2: 1505
Mid Term T3 = Moon
Resistance at 1072 (Also the next swing high target)
IS XVG SENSITIVE TO BTC'S MOVEMENTS?
YES BUT NOT AS MUCH AS OTHER COINS. IF BTC 0.82% IS REKT SUPPORT LEVELS FOR VERGE AT
BETWEEN 820 AND 750 so:
820
777
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