XVG/BTC (Testing Weekly Key Level Support)

💎Technical Analysis Summary💎

BINANCE: XVGBTC

-VERGE has been trading inside this descending channel for quite some time now
-The price is already back at its key level of support on the weekly chart
-For the 1st time, last week's candle is green which shows a weakening selling pressure
-But this is still not enough to change the bigger trend
-XVG needs to break above this channel resistance and consolidation for a few days
-From there, the Bullish scenario will increase and the risk will be reduced



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