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Short term analysis XVG
Hello,
XVG has been pushing on higher price since the rebounce from the bottom of the bullish channel.
On a lower time frame, XVG is under a key level, if it can go over the area 0.08/0.09 then a run into 0.2ct will be possible.
On the other case, if the price fail to go over the resistance we could go get a support on the moving average.
A close look to the OBV indicator show us that the volumes have broken the key level this indicate in most of the case that even if price is still under resistance the volumes are here to push the price over the level.
Let's keep an eye on Verge !
XVG has been pushing on higher price since the rebounce from the bottom of the bullish channel.
On a lower time frame, XVG is under a key level, if it can go over the area 0.08/0.09 then a run into 0.2ct will be possible.
On the other case, if the price fail to go over the resistance we could go get a support on the moving average.
A close look to the OBV indicator show us that the volumes have broken the key level this indicate in most of the case that even if price is still under resistance the volumes are here to push the price over the level.
Let's keep an eye on Verge !
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