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2018-06-17_XVGUSDT-UTW

Despite the short Verge Currency price history we can try to exploit available information. XVGUSDT rallied from an extremely oversold condition more than 400% (from the 0.0235 March low to the 0.118 April top) before moving back until present in direction of the March low. In the process the oversold condition on the RSI indicator has built up again. Oversold can of course become even more oversold but this type of situation combined with a divergence between price and indicator is more often than not the prelude of a major price reversal. We should pay attention to XVG possibly forging a price bottom right now.

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