Verge XVG/USD is trading at 0.089. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Verge. The Ichimoku Kinko Hyo Cloud upper limit test is expected near 0.082, from which it is expected to rebound and attempt to continue growth with the target close to 0.11.
Verge forecast & analysis XVG/USD April 16, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a strong signal was received for buy of Verge cryptocurrency, due to the crossing of signal lines at 0.061.
The cancellation of the variant of Verge quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.075, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations XVG/USD is with a breakdown of the resistance level and closing above the area of 0.10.
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