XVGUSD Buy the pull back unless the 1week MA200 breaks first.
Verge / XVGUSD is having a +550% rally in the past 2 weeks and is approaching the 1week MA200, which is intact since April 4th 2022.
The Channel Down that drove the price to its market bottom before that recent weekly jump is almost the same as the one in 2019 that paved the way to the massive 2020/21 rally.
As a result don't buy before a new pull back to the 1week MA50, unless the price closes 1week over the 1week MA200.
In both cases, target the 0.08400 High.
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The Channel Down that drove the price to its market bottom before that recent weekly jump is almost the same as the one in 2019 that paved the way to the massive 2020/21 rally.
As a result don't buy before a new pull back to the 1week MA50, unless the price closes 1week over the 1week MA200.
In both cases, target the 0.08400 High.
Follow us, like the idea and leave a comment below!!
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