VGXUSD got rejected on the November 2021 trend-line!

The Voyager Token (VGXUSD) is currently very volatile after being rejected on August 26 on the Lower Highs trend-line that started after the November 23 2021 High. Since then, that trend-line has rejected the price five times in total, which is a considerable sample. All rejections have resulted into Lower Lows within those Fibonacci levels.

Until the 1D MA50 (blue trend-line) breaks, the price action will be neutral and we can trade the range between that and the Nov 2021 Lower Highs. A closing below either, should be taken as a break-out signal. Above the Lower Highs, as a bullish break-out signal targeting the 1D MA200 (orange trend-line) on the short-term and the 1W MA50 (red trend-line) on the medium-term. A break below the 1D MA50, should be taken as a bearish break-out signal towards the lower Fibonacci level at 0.0.

Notice that the MACD has completed a pattern resembling the classic Inverse Head and Shoulders formation.



--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------