Verge XVG/BTC ANALYSIS UPDATE 5/1/2018
Technical Analysis:
- All targets hit - no change to original hypothesis in the short term or the long term
- See LINK for previous TA and analysis
- RSI is bullish and neither oversold or over bought
- 55 EMA is acting as support
- Resistance at 880 satoshi
- Correction target expected between 850-860 satoshi where support is strong
FUNDAMENTAL NOTE:
- Verge XVG/BTC is now being traded on Bitfinex
- Increased trading volume, market awareness, and availability to more investors
- This in itself is positive news and will likely serve as the catalyst for the next leg up
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- LITECOIN: MNwqCX6HoU6MeU9SRwNakT3iHEkfrig2YB
- BITCOIN: 3MwvZ6Q7R7dtSR8P1o5bb3oz4hegwtSuiR
- BINANCE: 0xcaf1e0cd3de21a7d27497a95f8196f74a073ad76
- ETHEREUM: 0x4c8d59799E6EF1faE64Bc40D1668B77DD8d5e9Ed
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LEGAL DISCLAIMER:
I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is a way for me to document my own personal analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to learn how to trade and invest, see my previous post - LINK.