• XVGUSD continues in its bullish momentum
• The bulls remained in control of the market
Supply zone: $0.0098, $0.0099, $0.010
Demand zone: $0.0082, $0.0080, $0.0078
Verge is in a bullish trend in its long-term outlook. The bulls retained the momentum in price of the coin. $0.0091 attained by the bears as the high of yesterday was exhausted today by the bulls at $0095 as it journeys up north in the supply area. This implies that the buyers are in control of the market.
Price is above the exponential moving average-4, the stochastic oscillator signal is pointing upwards at around level 67%, these suggest that the momentum in price of Verge is in a bullish trend.
XVGUSD Short-term Trend: Bearish
Verge continues in the bullish trend in its short-term outlook. The bears’ pressure yesterday at $0.0091 as the low, was exhausted due to the formation of a spinning top bar at $0.0091 in the demand area, this brought in a change in the trend.
The price move to $0.0095 in the supply area as the bulls started coming into the market. The journey continues up north as the pressure from the bulls moved the price to $0.0095.
Price is above the moving average-4 in the supply area. This implies that the bulls are in control of the market and the stochastic oscillator pointing up at around level 48% suggests that the bulls are currently in dominance of the market.
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