Verge XVG/USD is trading at 0.064. 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 the 0.060 level, from which one should expect a rebound and an attempt to continue growth with the target close to 0.085.
Verge forecast & analysis XVG/USD April 8, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the border of the bullish channel. Earlier, we received a weak signal for sell of Verge, due to the crossing of signal lines at the level of 0.058.
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 quotes below the area of 0.055, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XVG/USD is with a breakdown of 0.070.