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RE: XVG (Verge) Defying Gravity despite the current bearish market (My analysis)

in #crypto7 years ago

I may have plotted and spotted the regular bearish divergence of XVG because I did not wait for the candle to close on the 4hr chart but once it closed look at what happened, and then take a look where it stoped rising or where it formed a reasonable resistance, almost exactly at 61.8% Fibonacci level where I said it may be its PRZ level

I may have guessed luckily at this one or the technical analysis is just quite useful sometimes hehe

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