Verge XVG/USD is trading at 0.1112. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Verge. The test is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 0.1350, from which we should expect a rebound and an attempt to continue the fall with the target close to 0.03. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Verge forecast & analysis XVG/USD on January 22, 2018
Earlier, we received a weak signal for buy of Verge cryptocurrency, due to the crossing of signal lines at 0.1050. The cancellation of the variant of the Verge quotations decline will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.1550, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotations XVG/USD is with the breakdown of the level of 0.0850.
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