Verge token is in a very good position and can reach high goals for the following reasons 1. The 200-day moving average of the price has well prevented the price from falling 2. The price is at 78.1% Fibonacci retracement level 3. The price is near a support and a good orderblock zone 4. Also, the price has a dynamic support, which has reacted well in the 4-hour...
The 200-day moving average and the 78.60 Fibonacci retracement zone and dynamic and static support have been able to support the price well. Due to the high support, the price can rise to certain areas.
The price has been able to break the moving average of 20 and 50 days in a candle as well as the uptrend line.The divergence in the MACD indicator also confirms the downside scenario. So our mid-term trend is bearish. Supports that can prevent the price from falling are 51,000 (static resistance and Fibonacci level), 48,790 (MA 200 Daily), 46850 (50 Fibonacci...
The downtrend line and the moving average of 100 and 200 days are broken. And except for the PRZ region, there is no resistance to price, which seems to be unable to control the price despite the bullish market. So you can expect a price increase
The static resistance and the 200-day moving average are broken
The Ichimoku cloud and the downtrend line are well broken.
The price reaches the moving average of 200. This is true of all currency pairs in the Bullish market
Price has broken downtrend line and komo cloud as well .And ready to reach the destination