I see a falling wedge, I trade a falling wedge $XVG #VergeLadies and Gentlemen,
Welcome back to TJs' Trade Corner!!
Today we will be taking a look at the very interesting chart of $XVG.
As many of you know, I hae an interesting history with $XVG. I have always been amazed how $XVG pumps and pumps out of nowhere and how amazing it is just to ride its waves.
We will even focus only on the last few months, not the really big pumps to 1000+ sats.
First of all the marketstructure.
As expected we see a form of a falling wedge on $XVG on the 3D chart. This is so much expected, as all Alts have been bleeding hard over the last two weeks and starting to show strong divvergences, same as a bullish patterns.
Here, the falling wedge is a part of a retrace and that overly not supported by the volume. As much as this space is a meme, we have seen a pump on the previous candle to 169, which might have been the first indication for the soon to come breakout. That number will be important for the trade set up.
Something very interesting that has been pointed out is, that we are approaching a very important support at 138 sats. The fact that this would be the first test of that level, we have strong chance of holding that level and not breaking the support. In addition, there is reason to believe that a bounce like the first one is very likely. This would be approximately 64% within the 3 days of a bounce. Supporting this, would be the fact of a double bottom on Higher Time Frames.
Last time, before the big bounce, we had a doji with almost significant volume backing it. Should we see the same or even a bullhammer on this one, there would be no better inidcation. Nevertheless, there might be a chance of the next few days closing red and then followed by the doji. Currently, the market is still indecisive, we might need a few more days of $BTC consolidation, before Alts can start popping and booming again.
Pretty much like $ADA, the TJ-Stoch is approaching the 40p line and has a high chance of a rejection there, with the possibility of an impulse-move. An impulse move on the 3D is very strong and might actually reach 64%.
This trade has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
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Cheers TJ
XVGBTC
$XVG Reached 146sats support for 1st time...$XVG Reached 146sats support for 1st time after the bounce in Nov18...
Testing a support for the first time should enhance the probability of hodling succesfully..
Look what happened last time w/ a bounce around 30%+..
If you took this trade, please set up SL just in case!
#XVG
Verge seems Bullish ?Hello all.
Bitcoin has just crushed all alts and you may think where it's gonna end. For now I can say it's continuing until BTC find a good psychological level of 5800-6000 (you can check my previous analysis of Bitcoin). Ok let's see how verge is doing. After a nice move in April 8 Verge (XVG) has been made influence of Bitcoin's movements and suffered. This chaos for Verge hushed around 153 sats where major moves started there since February. In a mid run Verge will find upper levels because it may potentially bounce again from 153 sats. On top of that iOS wallet and major updates are coming( a nice Meetup is in the way too). Hope you do your own risk and money management.
Thank you
$XVG Starting to show some signs of reversal sitting at support.$XVG Starting to show some signs of reversal sitting at support level around 160sats...
RSI coming out from oversold levels on the 6H
MACD starting to rise.
Volume showing some signs of life...
#XVG
XVG Looks boring to meBecause it never, ever, ever, ever, ever, ever, ever, ever, ever does anything!
Here's some stuff on a chart that doesn't mean anything because XVG just goes:
--> / -- \ --> / -- \ --> / -- \ -->/\
/
Since we're on a \ , you can expect either a -- or a / , but not a / , because that's just preposterous!
Just having some fun with it. I'm hoping like y'all looking at it that the accumulation ends eventually!
XVGBTC reconsolidation before break outXVGBTC reconsolidation before break out.
potential for an IHS reversal and break out of symmetrical triangles
XVG Head & Shoulders Bottom?As I take a look at XVG's chart I notice a trend line dragging the price lower every time. After the higher low made by the last run down y noticed this head & shoulders pattern. Now, XVG is currently retesting the neckline of this pattern and we should see a bounce in the coming days.
XVGBTC Strong Breakout(150% Profit Potential)Welcome to this updated analysis on SNMBTC Let's get right to it!
XVGBTC Targets:
0.00000169
0.00000195
0.00000256
This information is to be used for educational purposes only.
TRANSPARENCY Strategy
would be equivalent to a rise of 150% Therefore, if 0.00000706 can hold support line
A breakout above the trend line would cause XVGBTC to rally to about 150%
I expect to see a breakout to the upside.
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XVGBTC Long / Vergewell rolled back the project
The project is working, with a good team, with a dense set of news, I recommend this for a purchase.
There is a buyer in the asset
XVG - Spark to set off the BULL RUN!This is a cult coin and this is not just gonna pump lil bit. Target is .50 -$1+ , Go Big or Go HOME! Been in accumulation for about a year now.
Verge (XVGBTC) Highest Peak & Volume Since 2018Verge (XVGBTC) is moving again and this time it has finally broken above MA200. This resistance has been holding Verge back since early January 2019.
Trading volume is also at its highest since April 2018.
The RSI is also showing some strong bullish momentum.
The next resistance to break is EMA200.
If XVGBTC and move past it, you can expect some major gains.
All targets are marked on the chart.
The dashed brown line at the bottom can be used as a stop loss.
We have an active trade since November 2018, you can see it here:
Feel free to hit like now.
Thanks a lot for continued the support.
Namaste.
VERGE - Breaks Overhead Resistance, Lots of Room to Grow!Keep on eye on Verge and consider adding it to your portfolio. XVG is one of the few alts that has yet to jump and recover since last year's bear market and it has the ability to fly. I also noticed a two hump pattern (in light blue) that preceded the December explosion. We have a slightly similar set up to that now. Is that a foreshadowing of things to come? We'll wait and see!
$XVG BTC view... Breakout from symmetrical triangle$XVG BTC view... Breakout from symmetrical triangle & ~190sats resistance zone...Expect a movement similar to USDT chart
UCTS Buy signal on the 1D
Volume rising over last days
RSI rising & entering over 80 values, MACD rising
Bullish shark pattern could be in play
#XVG
On the verge of mooning !Hello all.
Huge volume has arrived in XVG and golden crosses has happened. I think targets are available very soon. If it goes up like I see the chart, a long term uptrend will be started.
XVGBTC (Verge) Looking Good To Buy ..!!#XVGBTC (Daily)
Looking Good In Daily TF...
Bottomed Out,,
Short term Target 207 Sats
Mmidterm 266-270 Sats
Stop Loss Below 166 Sats
XVG LONGInline with my BTC TA and XVGBTC chart. I believe we are going to see a breakout of XVG. 20-30% profit to cap from 180 sats