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.
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