Verge is a project based on the Bitcoin source code that is focused on privacy and stealth transactions. Anyway, XVG has been in a downtrend almost since the beginning. As can be seen, when XVG broke the second downtrend line, a strong upward wave started. Now, Verge is oscillating in a sideways channel. Let's see when XVG breaks this area upward.
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XVG is trying to break the sideways channel. Let's see what happens.
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So, it seems XVG is moving up linearly, brick by brick, moving from one consolidation area (sideways channel) to another. Currently, XVG is starting another upward move. Let's see if it can break this area upward or not.
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So, as it turned out, XVG is moving in an inverted triangle pattern. And currently XVG is oscillating at the bottom. Let's see what happens.
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So, XVG is going up according to the analysis. XVG broke the minor oscillating zone at the bottom and is going up toward the inverted triangle's upper line. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.