Technical analysis of XVG 7/31/18

Today I will analyze edge or XVG for your cryptocurrency symbol. XVG is a cryptocurrency that characterizes it because privacy is its strength,
a safe and anonymous site.

Although it might sound more of the same is a cryptomoneda that has been sold today has 300k in twiiter which tells you that it has a large community and has very good business partners. What made it known was the ability to pay in Porhub one of the largest porn platform.

Since that union has not heard anything but my analysis comes for a great opportunity to buy to expect a strong subity.

Speaking of which we are interested

We can see a bearish trend since 4/16/18 where it had a support zone between 642 satoshi and 622 roping that zone with force on 5/21/18 and then entering another support zone between 429 and 414 satoshis. Now broke a line of support near the 332 and up to 283 and up. XVG is a currency that gives big profits with a small subtype. They are marked two bearish purple trend if it breaks strongly could reach the support area that will now be a zone of resistance. The idial entry would be after breaking the 350 that up to the resistance area would be 15% of the first profit.

If we rely on the indicators we see an RSI above 50 points indicating bullish strength.

Although if we see ADX could not say a loss of bullish force indicating a bearish cross.

In conclusion XVG is not a good entry but gave us inidcios that has strength we must wait for it to come out forcefully from its bearish tendicia and not enter a false bounce.

If you liked me I invite you to give your vote and continue
Twitter: @crypto_pr3