$XVG SWING PLAY$XVG could drop a little more from current price, but i'm anticipating this H&S to play out. Fundamentally nothings changed with verge (still a pos coin imo), and there's still interest in the coin that i expect it rise again
XVGBTC
XVG - Waiting for retrace around 600Many moonboys thinking about "wow pump again", but markets need correction. XVG had a super bullish run, but it has an effects.
Typical correction of super bullish run is:
Phase 1. Some trade at high level (wise sells to fools)
Phase 2. Super dump at 0.382-0.5 fibb levels to have a panic for buying dip
Phase 3. Rebound around 10-20%
Phase 4. Super slow decline with many bull-traps
Phase 5. Accumulation and bullish impulse of new cycle at dip level (usually like a flat)
Right now we have super high 4h Stoch RSI. Plus touch and bounce from upper line of downtrend channel.
Probability of retrace now is very high. Also because of bearish sentiments on all crypto markets.
Target level that I want to see for starting new trades is 577 - 628 zone.
P.S. Also waiting for TRX. And may be IOTA, EOS. But EOS have a start of masternodes network at 2 june and may be pumped at this time.
XVGBTC About to explode with the 3rd waveXVG had a lot of hype lately mostly due to partnerships but even though the big news. Tokenpay has had a big effect while it hasn't moved yet from the big adoption of Pornhub and other big websites of XVG payments.
If we refer to the chart, we're at the lowest level possible before an uptrend breakout which should come in the next few hours. It is very difficult for it to dive further than this level and we've had a pretty long consolidation phase while all the other coins were sky-rocketing.
Let's follow this up closely!
XVG - Correction bounce longXVG ready to bounce today or tomorrow.
I publish 2 enter zone - RISK for maximize your profits and SAFETY for minimize your risks. Split it like your risks.
Also we have 2 targets. I prefer to close mainly part of position at target 1 but you can try get some profits at high level target 2.
But to first we need to broke RESISTANCE line of bearish fall.
XVGBTC mid-term (my little thought)Forget the FUD, the annoucement about XVG recently, what am seeing in TA is:
- we are in Elliot wave C and also in correction of wave 2 (wave 1 from 323 to 1435)
- so as expected the correction will end on one of few support areas: around 750 - 570 - 450,
- it is trying to test 750 right now, if we close the candle below 750 means that we're heading to 570 area, the 750 also is EMA50 support
- rsi hasnt in oversold yet, stochrsi oversold already, sell volume decreases slightly.
- no bull div found
Trading strategy:
- wait for clear bull signals (2 or 3 consecutive bullish days with rsi reversal crossed 55 imo)
- divide buy orders to each support area
- if ABC currently is only in wave A, so we expect to get profit at wave B correct (cause it hasnt happened yet)
- the worst condition if it heading to 450, its really good time to buy
- my two cents is it will bounce at 570 support line.
Goals:
- stoploss: below support area
- target 1: 1000
- target 2: 1200
- target 3: 1500
- target 4: 1630
- target 5: 2100
- target 6: 2500
Happy trading!
Linh
Verge (XVG) Bounces off support (17% Breakout Potential)Hey everyone, as you guys know, the last XVG trade hit my sell stop at 743 and I ended up selling all of it around there. I was still keeping an eye out for XVG, and we now have another opportunity for it to break to the upside.
Trade Signals:
-XVG forming what appears to be an ascending triangle, since it appeared to touch the horizontal line twice on the 30-minute chart.
-RSI holding around 40, sign of bullishness for XVG
-Reached 640 and quickly bounced back up, meaning we still have traders waiting on the sidelines to buy XVG back up.
-It is still altcoin season, so the triangle has a good chance of breaking up
How to trade
If BTC price increases or is stable, this trade can be entered.
Buy in:
Around 740-760 satoshis (Riskier)
During the breakout, around 770-800 satoshi's (safer)
Sell points:
840-850 satoshis
890-900 satoshis (entry+vertical length of the triangle)
Stop loss (If you decide to use one)
- 640-650 satoshis
*I recommend setting a stop loss because XVG is a fast mover. A stop loss can free up your bitcoins for buying the market dips so when the market recovers, you end up with more BTC than if you held the coin. That is only the case if the entire market drops, which is pretty much what happens right now since we lack fiat to altcoin pairs.
Thanks for reading. Good luck on this trade! If you have any concerns or comments, please leave them in the description. It's one way I get better.
Verge Shark (83.69% potential profit)Shark completed.
MACD positive divergence.
Entry: 0.00000785
Target 1: 0.00001117
Target 2: 0.00001443
SL: 0.00000723
Profit Tg1: 42.29%
Profit Tg2: 83.69%
Buy the ABC correction!!! Verge is gonna BLOW UPwhen NOBODY WAS WATCHING vERGE RECOVER 160 SATOSHIS....Ill put up exacts when we see 5 end
XVGBTC Bittrex 1D up to 26APR18 Trading Analysis (TA)XVGBTC Bittrex 1D up to 26APR18
1D Chart, also works in 4H, at this time the VERGE (XVG) has been floating on SUPPORT ZONE for a couple of days after RESISTANCE ZONE 1 became into SUPPORT; the 50,100,200 MA indicator already crossed and has been moving into an ascending pattern (Blue Arrows), the RSI (Green Arrows) is moving into an ascending pattern and the MACD is about to cross up (Orange Arrows), if this keeps this way will meet again RESISTANCE ZONE 2 to then move forward, but keep always in mind that also may go down. At this time the Market Cap in hovering the 395 Billions. Good Luck!
1D Chart, también funciona en 4H, en este momento el VERGE (XVG) ha estado flotando en SUPPORT ZONE durante un par de días después de que RESISTANCE ZONE 1 se convirtió en SUPPORT; el indicador MA 50,100,200 ya cruzo y se ha movido hacia un patrón ascendente (Flechas Azules), el RSI (Flechas Verdes) se está moviendo en un patrón ascendente y el MACD está a punto de cruzar hacia arriba (Flechas Naranja), si esto se mantiene de esta manera se encontrará nuevamente con la ZONA DE RESISTENCIA 2 para luego avanzar, pero tenga en cuenta que también puede bajar. En este momento, el Market Cap está rondando los 395 mil millones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
XVG/BTC probably on it the third wave going upit has been awhile since I last posted about Verge. The reason for that is I was a little heartbroken about how the big news was handled by the management. However all indicators at this moment TDM count, rsi, stoch, and elliot waves show that the rise for the third leg of elliot waves is starting. Third leg most usually is the most aggressive leg of all, which has the potential to bring the price to upwards of 2000 sats.
So I suggest a strong buy at the moment,
Good Luck,
Verge (XVG) LONG!After All Time High at 2000, Verge has settle down at 730-750.
A very strong coin with hot future.
Next targets:
1 - 950
2 - 1210
3 - 1450
4 - 1800
XVGBTC short term versus longer termI am still a novice trader and welcome any and all constructive criticism.
I have been waiting for XVG to end its decline and see where it goes due to its somewhat controversial status (pump and dump or not). I was hoping to ride a short term trend for some smaller sized profits but missed my entry. I am now going to exercise patience and wait until the price returns to or near the 4 hour trendline to look to go long. If it breaks the 4 hour trendline I will wait and look back to the past to find the next level of support.
Good luck and happy trading!
Verge (XVG) is going higherXVG/BTC XVGBTC
Buy zone: 0.00000670 - 0.00000685
Sell targets:
1st: 0.00000725
2nd: 0.00000820
3rd: 0.00000905
4th: 0.00000990
if 2 red candles closed under the trend line bellow, then sell!
Good luck guys!!
XVG elliot wave 3 under way! As predicted, XVG bounced around the .786 fib line that I provided TA for earlier this week. I believe we are about to begin wave 3 of a huge elliot wave formation. We can expect movement like what I have illustrated but the time periods may be different.
Extremely bullish news today;
1) RingCT news will be announced in the next few weeks
2) New XVG wallets with beautiful design
3) New companies have approached XVG for partnerships following the PornHub/Mindgeek announcement
XVG moves very quickly, get in on it before you miss out.
XVG time to go up again. The future has Cum!The dump was a just a short term market reaction or known to many as "Sell on News"
The announcement was not bad at all for this to dump until oblivion. In fact, Verge just did its purpose as a CRYPTO+CURRENCY.
With regards to TA, looks like all are green-lighting the Verge Rocket. A break from the wedge will be a great sign to add more.
My TP are:
1200
1400
1900
I'm busy doing other things to talk much more about this. Just get in and enjoy a good week ahead.
VERGE - Where's it going???I haven't posted on XVG lately because there's no clear path until it finds a bottom. I thought it had found it's bottom around 720 but it has continued to drop.
We currently have support at 639 but it's weak. If we break through 639 we could drop as low as 508 where we have much stronger support. My hunch is that it doesn't go that low.
If we break out on the upside of the current short term wedge shown above we could test resistance at 825.
Right now I have no clear indication where we're going in the short term. Long term, I'm still bullish.
Verge Bearish Scenario | Click Link for full AnalysisThe past 24h have seen many calls of a reversal and uptrend underway. A bearish scenario is still a possibility if not highly probable. Without breaching the prior support of 739 on Binance, Verge bounced off of it and failed, rejecting it with lower highs with each impulse up. Without being able to sustain a closing candle above the prior support now resistance Verge will be searching for its lower support.
The 100EMA on the daily in the 670s range failed to hold while we found initial support at 640 another test seems likely and its ability to hold will be determined. In the event of 640 failing we will be on our way to test the 0.236 Fib level previously mentioned in other charts in the low 500s. There will be support attempts between 535 and 580.
While may of the current charts on TradingView favor an uptrend a bearish scenario could be healthier in the long run, establishing firm support at fib levels to create a solid foundation for long-term steady incline towards new all time highs.
