Price Analysis

? Verge Coin (XVG) Price Analysis | XVG News | October 18, 2018


Resistance and support levels for XVG :

Resistance levels: $0.015, $0.016, $0.017
Support levels: $0.014, $0.013, $0.012

XVG Price Analysis for Medium-term : Ranging

XVG Medium-term Analysis | October 18, 2018

On the 4-Hour chart, the coin is still moving sideways within the range bound resistance level of $0.015 and support level of $0.014. Consolidation continues as long as the coin remains within this bound range. The market requires a radical fundamental event to bring about a significant change.

The coin may move further to the south as it is on the 4-day EMA and the 50-day EMA. The RSI 14 is above 50 levels with signal lines pointing sideways that connote a sideways signal.

XVG Price Analysis for Short-term : Ranging

XVG Short-term Analysis | October 18, 2018

XVG is still ranging in its short-term. The bulls are yet to have enough pressure to push the market beyond the resistance level of $0.015 and the bears also did not have enough pressure to push the XVG below the level of $0.014. The price has been ranging between $0.015 and $0.014. The last two days uptrend movement might be as a result of a fundamental effect on the market. The bears later return edthe market back to a lower level with the formation of more bearish candles.

When more sellers move into the market, the downtrend may continue and XVG may move down to the south. Likewise, increase in the bull’s momentum will definitely increase the price. The coin is on both 4-day EMA and 50-day EMA. The two EMAs are interlocked to each other which suggest consolidation. The RSI 14 is above 40 levels and the signal line points to the north, which indicates buy signal.

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