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XVGBTC

Verge (XVG) Going At It Again or ABC Correction?We are bullish long-term on Verge (XVGBTC) and all other altcoins pairs/cryptocurrency projects... But, what is happening now with this XVG chart? We are seeing many altcoins that just continue to go, they are growing and continue to grow, so we can expect the same here right? Maybe. It is possible we are witnessing the classic ABC Correction from EW Theory. The dashed blue line on the chart is the support. Below this line, we are likely to see XVGBTC complete the ABC wave and hit lower. But if somehow XVGBTC manages to stay up, we can expect more bullish action and additional growth. This is a very simple spot for us, since we buy at the bottom, right now we only wait patiently and continue selling on the way up. See it below Thanks a lot for your support. Namaste.
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by AlanSantana
11
XVGBTC completed bullish setup for upto 4470% big moveHi friends is hope you are doing well and welcome to the new update on Verge coin. The XVG coin has surged more than 500% with US dollar pair and 205% with Bitcoin pair. In my previous post I posted analysis with US Dollar pair if you missed that then here is the link for that post: In today's post, we will watch the movement of XVG coin with Bitcoin pair. The formation of Shark and powerful bullish divergence: On daily chart the price action of XVG formed a bullish shark from October 2019 to the end of January 2020. And after entering in the potential reversal zone the price action moved up and after a small bullish rally dropped down again in the potential reversal zone then took another powerful bullish divergence and produced more than 205% bullish rally. Different indicators and oscillators and turning bullish: If we watch the different indicators and oscillators on the daily chart. Then stochastic oscillator has given bull cross from the oversold zone, the MACD is also turning bullish and if we watch the directional movement indicator then positive directional indicator is already above the negative direction indicator. And the ADX is up with the value of 45 that is showing the power of bulls. Therefore we can expect another upward move from here. The simple moving averages and another bullish spike: If we watch the different simple moving averages on the daily chart with the time period of 25 50 100 and 200 then it can be clearly observed that since the price action has crossed up all these moving averages after that for the first time the priceline is retesting the 25 simple moving average as support. And after moving sideways on this 25 SMA finally the price action has spiked more than 15% in a single day. And the more important indication on this chart is that we have the smallest time period moving average above all other simple moving averages and the biggest time period moving average with time period of 200 below all the other moving averages. Therefore a complete open alligator mouth is formed by the simple moving averages that can be a really big bullish signal. A big harmonic Shark move: Now I would like to share a very important harmonic move by the price action of verge coin on the long-term monthly chart. And that move is the formation of bearish Shark pattern. I also shared this move of XVG coin last year in July 2019. And at that time I found that the price action has found a final support at 0.00000048 sats. Therefore it would be difficult for the priceline to break down this level. Since then the priceline is moving above this level in the potential reversal zone of bearish Shark. And at any time it can start the formation of final leg. And the completion of this leg can lead the price action to produce up to 4400% big profit move. However I have defined two type of targets 1st one are the secure sell targets and other one are the aggressive sell target up to the completion of shark’s leg. And these targets are as below: Buy between: 0.00000208 to 0.00000048 sats Secure sell targets: 0.00000671 to 0.00001331 sats Aggresive sell targets (Upto the completion of Shark's leg): 0.00001793 to 0.00002194 sats Conclusion: If we take a look at the history of the price action of XVG coin. Then it can be seen that whenever the BTC turns bullish the Verge coin turns more bullish than Bitcoin. The obvious example can be seen in 2017. Therefore when the Bitcoin will start the next big move the XVG has potential to produce more powerful move than Bitcoin. Therefore we can expect a big move by the Verge coin to hit the sell targets as per above pattern before the Bitcoin achieves any big price level.
Long
by moon333
3
XVG entry opportunityPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- XVG or Verge has - like many others - been through a several month period of consolidation. The yellow box goes all the way back to the beginning of Juli 2019. So that's almost twelve months of rangebound "action". This meant that XVG was overdue for a breakout. It wasn't as fierce as the one we saw on Zilliqa or Cardano. But fortunately this puts Verge on my "to watch"-list. - Breakout of 45% - Descending wedge/channel = bullish - Found resistance at the weekly level (101 sats) - Had a healthy retracement - Volume is declining I'll be looking for a further continuation down towards the weekly support level around 66 sats, which is also the top of the range Verge broke out of. Targets: - 77 sats (16%) highly probable - 82 sats (23%) highly probable - 101 sats (52%) ambitious *No financial advice, just my own perception
XLong
by Coinathlon
1
XVG Rocket style i want be clear on this analyse because that one is very simple if you play it on Long Term. You can Compare directly XVG to ZIL ( because Zil mooned days ago ) + i am checking XVG from ages. i used Bittrex Exchange because XVG is listed from long time on it, so my indicators are more accurates. i used only ichimoku cloud + 3EMAS 50/100/200 (Green/Orange/Red). Don't forget this analyse not including BTC movements and like 99% of the time, if BTC dip hard XVG won't support his uptrend and crash with BTC. but we have signs off a Rocket mod... So XVG Broke the first soft resistance on EMA50 (Green Line) and passed 60 Sats. Now XVG is trying to break EMA100 (Orange Line) to enter ichimoku red cloud around 108ish Sats. if this one can be broken surely XVG will go retest EMA200 (Red Line) around 150 Sats. So if we breaks 150 with a strong breakout, we will be in a free rocket mod and i can see XVG going to 1000 Sats and here we have old resistance on ichimoku cloud and we can see it clearly. i want to tell you all that this is not a recommendation of buying XVG because it's still dangerous to invest, don't fomo to fast, wait for breakouts, invest the money you don't need for living always! i will add far view on XVG to show everything clearly. Happy Tr4Ding and Stay S4fu !
Long
by thecryer
6