Fibonacci applied to the corrective wave up after the breakout, which is the same wave where 200 Moving Average has been rejected, shows that 327.2% retracement level has acted as a support with a very precise bounce off.
Currently, XVG/BTC continues trading within the although the lower is also now acting as a support suggesting that Verge is planning to go ahead of Bitcoin . Perhaps buying Verge might seem a little early, but as the support is holding the opportunity is there.
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/
ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf