In the early hours, the price smoothly surged from a bearish candle at $0.0328. It first raised to $0.036 and then to 0.0381. Yesterday, it deviated upwards from its parallel channel and began surging rapidly. When it was certain that it will touch $0.04 today, XVG switched to a bearish movement currently. Looks like the price may fall and sail in the previous...
From a technical point of view, the price of the VERGE cryptocurrency is in an interesting place on the chart: very close to the target level of 61% Fibo at 0.0514. From there, the price may turn back and, by breaking the downward trend line, return to the upward cycle. Resistance levels on the chart.
Head and shoulder : Bearish reversal pattern where a coin
creates three peaks before falling
below the support (neckline)
I think it's time we should dump XVG! Though this is my first time in TA! Do your own research :)