Verge Prepare to Bounce (XVG /BTC) Technical Analyze

Hello Stemian

I try to share my technical analyze about verge

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.

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 :)

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