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zorjak

Verge (XVG) is forming triangle

Long
Verge / Bitcoin (BITTREX:XVGBTC)  
zorjak Updated   
BITTREX:XVGBTC   Verge / Bitcoin
Fibonacci Chart Patterns Triangle XVGBTC
6
0
fibonacci chartpattern triangle xvgbtc
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.
Comment:
snapshot

Possible breakout of XVG.
T1 1500 sat
T2 1800 sat
Comment:
snapshot

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

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