Huobi x CoinMarketCal👀A Coin To Keep An Eye On-Verge (XVG)!

🔹What is Verge (XVG)?

Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions.

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📅Event “Next halving at block 4700000… ETA date = Tue Jan 26 18:52:32 2021 UTC” per coinmarketcal.com

📈Analysis

Jan 24th 22:08 — XVG/USDT- 1Day :

XVG’s 172% January rally has retraced to the move’s 70.5% retracement before spending the second half of the month accumulating above support beginning near $0.01.

Last week’s dip to retest the 70.5% retracement created potential support near $0.0117, with the early part of this week testing the weekly level at $0.01221113 as support. A quick dip in this region could give bulls an excellent entry targeting the first probable resistance at $0.01567376.

A break of this level might run to the resistance and last swing high at $0.018. If the swing high breaks, monthly highs at $0.0202, $0.0245, and $0.0284 provide the next likely targets. Beyond $0.0284, the price could see a parabolic move to the next monthly high near $0.0437.

Traders taking regular profits could use the extensions at $0.0210, $0.0257, $0.0293, $0.0371, $0.0407, and $0.0438 for probable intermediate resistance zones.

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