Verge (XVG) is forming triangle

٢ يناير ٢٠١٨

Verge (XVG) is forming an ascending triangle. Currently, it is active support is at 1150 sat.
Wait for the price to approach upper edge of triangle.
Resistances are Fibonacci levels.

٨ يناير ٢٠١٨

ملاحظة

Possible breakout of XVG.
T1 1500 sat
T2 1800 sat

١٠ يناير ٢٠١٨

ملاحظة

XVG is still following the triangle pattern. Breakout did not happen.
Support and resistance are edges of the triangle.

١٣ يناير ٢٠١٨

ملاحظة

In case that Bitcoin becomes bearish XVG will fall easily to the next Fibonacci level.