$XVG

Verge, grinding Up!

When we see the daily trend, the upper BB line; which is often relate with resistance level and the lower BB line; which equates with the support leve, are converging,- meaning, the distance between the resistance level and the support level is narrowing. In other word, the difference between resistance price and the support price is small, hence new trend will emerge soon, most often, the average price will go up, (note that the chance of the average price to go down is also on he table)

The convergence of the two lines is one of the indicators for the imminent breaking of the trend. If the buying presser increased, the price will grind up soon!

Let's see what will come next.

#DYOR

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