• On the upside, if the piece is sustained above the EMA’s, the bulls will break the resistance level and reach the highs of $0.0095, $0.0098 and $0.0100.
• If it does not the coin’s price will continue to trade in the bullish trend zone.
Resistance levels: $0.0095, $0.0098, $0.100
Support levels: $0.0082, $0.0080, $0.0078
XVGUSD Medium-term Trend: Bullish
Verge is in an uptrend in its medium-term outlook.The price of Verge reached the highest price level of $0.0094 in a bullish trend. The bulls were resisted and dropped the price to $0.0089.
The reaction from the bulls now moved the price of the crypto to $0.0095 at the resistance area.
Price at $0.0092 is above the two exponential moving averages with its wick touching the exponential moving average -50, at the upper resistance area.
This implies the momentum in price is bullish in trend. The stochastic oscillator signal pointing downwards at around level 80% in the overbought area is an indication that a change may occur in the momentum of the price.
XVGUSD Short-term Trend: Bullish
Verge is in a bullish trend in its short-term outlook. The exponential moving average-4 acted as a strong support for the bullish upward price movement each time price drops around it.
$0.0093 was the high of yesterday after which a bullish candle at $0.0095 journeys the price up north in the resistance area . This implies that the bulls are returning to the market to control the price of Verge.
Price is above the two exponential moving averages, at around the resistance area. The stochastic oscillator signal pointing upwards at around level 60%, suggests that the momentum in price of Verge is in an upward trend.
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