VERGE XVG/BTC Analysis 4/30/2018
Technical Analysis:
- Chart above shows target points for Verge in the mid/long term
- Verge has started moving and is working on the 3rd wave up of the PRIMARY WAVE 3 on the larger time frame
- No change to original hypothesis
- See LINK for previous technical analysis and charts
- Swing trade targets of 1600 and 2000 are still in play (1-3 week time as noted in previous TA)
- XVG has broken above both the 55 and 200 day moving averages and will use those as supports once it consolidates
The chart below:
- Shows a closer view of Verge, along with a potential pathway to complete its initial sub-waves
- Look for an entry around 800 satoshi and expect a bounce
- Potential for a dip below 800 with support at 780-790
- Resistance at 900 satoshi with short term target between 980-1000 satoshi
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