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Verge has surged more than 500% | Now what next???Hi friends hope you are well and welcome to the new update on Verge coin. After mid of March 2020 the XVG coin has surged more than 500%. In today's post we will try to understand this move of price action of Verge coin. The expected bullish Shark: In July 2019 I posted a chart. Where XVG was expected to complete the formation of bullish Shark pattern on weekly chart. And I predicted that as per Fibonacci sequence of Shark the priceline will move up from the potential reversal zone atleast between 0.382 to 0.786 Fibonacci projection of C to D leg. Below was that chart: After the completion of the final leg of bullish Shark pattern. When the price action entered in the potential reversal zone unfortunately the priceline of Verge broke down this PRZ level in September 2019 and the stop loss was triggered. Then in November 2019 the price action again entered in the potential reversal zone and during this the price action also started the formation of another bullish Shark. Then after mid of March 2020 the XVG took a powerful police divergence from the potential reversal zone of this 2nd bullish Shark patter and produced more than 500% powerful bullish rally. Breakout from the channel: After March 2020 the price action of Verge was moving within in up channel like every top cryptocurrency. But the difference between the other cryptocurrencies and XVG is that most of them are still moving within this channel even some of them has broken down this channel. But Verge has broken out the resistance of the channel. If we watch on 14th May then the price action was moving at the support of the channel. But after the tweet by the verge currency it turned bullish and broke out the resistance of the channel and rallied more than 200%. Breaking out the $0.005 and moving towards the next resistance level: The XVG had very strong resistance at $0.005. This resistance was not broken out since August 2019. But after the announcement of halving the price action of Verge has broken out this resistance very easily and now moving towards the next resistance of $0.01. Simple moving averages: If we place the simple moving averages with the time period of 25, 50, 100 and 200. Then it can be observed that the price action has crossed up the simple moving averages and the altitude of the price line is very high. And it does not have any immediate support of simple moving averages. Therefore if the price action of XVG will move down to retest the 25 SMA then it can retest the $0.005 level as support that was working as resistance before 8th Jun. Breaking out the big wedge pattern: Now if we switch to the long-term weekly chart then Verge has formed a very big falling wedge pattern. And after taking bullish divergence of more than 500% the XVG has broken out the resistance of this big wedge pattern. During this rally the price action has broken out the 25 and 50 simple moving averages on this long term weedkly chart. And at this time the price action is struggling to break out the 100 simple moving average resistance level. If we take a closer look on the chart then it can be observed that 25 SMA is moving up to form a bull cross with 50 simple moving average just below the candlesticks. If this cross will be formed then it will be a very strong bullish signal and it can trigger more powerful move. The more positive signal is that the volume profile of the complete price action moving within this wedge pattern is showing the trader’s interest at $0.014. Therefore if the 100 simple moving average resistance will be broken out then we will witness a very rapid move up to this level. Now if someone wants to buy Verge here and he or she should wait for one of two things. Whether the price action breakout the 100 simple moving average and then buy or wait for the correction rally up to $0.005 and try to buy at this level. Conclusion: The XVG is trying to breakout 100 SMA on weekly chart once this resistance will be broken out then more powerful rally can be expected. In case the priceline won’t be able to breakout this 100 SMA resistance then a bearish rally upto $0.005 can be expected
X
by moon333
3
XVGUSD forming a bullish Shark | Upto 18% expectedPriceline of Verge / US Dollar is forming the Shark pattern and soon it will be entered in potential reversal zone to hit the sell target zone insha Allah. Volume profile of complete pattern is showing less interest of traders at PRZ area. Stochastic has given bear cross. MACD is turning weak bullish from strong bullish. This potential reversal zone can be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 0.00408210 to 0.00392631 Sell between: 0.00428147 to 0.00465714 Regards, Atif Akbar (moon333)
XLong
by moon333
XVGUSD completing last leg of shark | Upto 159% profit potentialThe price action is completing the shark pattern and soon it will be entered in PRZ area after completed the C to D leg. The RSI on week chart is already oversold. Volume profile showing no interest of traders at this area. Soon the price line will take bullish divergence from potential reversal zone to hit the sell targets inha Allah. The targets are: Buy between: 0.00592853 to 0.004455 Sell between: 0.00790637 to 0.01155651 Regards, Atif Akbar (moon333)
XLong
by moon333
1
$XVG Ready Being A Degen?I don't if it is you, but for me, $XVG is degen-able. Strong charts right here that bottomed for such long period of time. Whether you buy it or not, we'll see how far this one will go! ************************************************************************************************************************************************** If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit. -------------------------------------------------------------------------------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform
Long
by blockchaindedi
3
XVG Trading AdviceBuy Price: Yellow Line TP: Green Lines Moon: White Line Support: Blue Line SL: Red Line Invest Suggestion: 5-10 Percent Profit Expectations: 5, 10 or >20 Percent Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck! Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you. Thanks for visiting.
XLong
by firdosi
XVG - Verge Technical AnalysisDear Viewers, What is Verge, also known as XVG ? Verge is a decentralized cryptocurrency designed as an enhancement for the standing Bitcoin blockchain. It evolved with the aim of maintaining personal privacy, flaunting the capability of rendering fast and efficient transaction for individuals and cooperate bodies. The company discloses that it aims at easing transaction for people around the world by “bringing blockchain transactions into everyday life”. Verge is said to grants individuals and businesses the flexibility of receiving and sending liquidities within a twinkle of an eye. Verge, makes it possible for its users to create instant, anonymous transactions using advanced technology of blockchain built on services like Tor and I2P, which conceals data like IP-addresses and geolocation. Moreover, it functions using ‘Simple Payment Verification’ (SPV), which grants rapid confirmation. Have You Heard of Wraith Protocol? Wraith Protocol, launched late 2017, is technology that obscures IP address and blockchain transaction using Tor and stealth address. It grants users the ability to choose amid running a public and private ledgers transaction on the Blockchain, and such benefit is said to be the first of its kind. In other cryptocurrency, users are not allowed to choose between public or private transaction. The only thing that has ever existed in similitude to this is making transactions private with no further option. How wraith protocol works ? Wraith, when switched ON for transaction, it hides data and makes it undetectable through blockchain explorer. Contrary, in situations where a user desire transparency and does not want to go private, the OFF switch on Wraith Protocol would initiate this, and all transaction data would be made visible on the public ledger. Nevertheless, Verge still delivers the aptitude of total veiling of IP addresses and geolocation even without Wraith protocol, all due to the adoption of the most advanced version of TOR integrated into the Core Wallet. Conglomerating both to function together make Verge the only uniquely genuine cryptocurrency that is untraceable. Here is my Technical Analysis. Now that XVG's correction is done, we are finally finding our selves in a bullish trend line regarding XVG/BTC. X VG's price is up because it's rocking a large partnership & creating a unique privacy cryptocurrency . But on the downside, XVG also got hacked (it was NOT a 51% attack. It was a hack though, a mining exploit. But it was fixed, handled & forked quickly). In my TA I used Elliot Waves theory with 5 uptrend waves, followed by a ABC correction, after this correction we should see another rise in price that will bring us head to head to important resistance levels XVG needs to break in order to see a new A.T.H. Keep an eye on my charts ! Raw_Blitz Out.
XLong
by TjerkPieksma
1