XVG is forming bullish reversal moveThe priceline of Verge coin has broken down the $0.005 support and moving between $0.005 to $0.003.
SMAs on weekly chart:
On weekly chart the priceline has broken down the 100 and 25 simple moving averages and now likely to break down 50 SMA as well.
Bullish BAT move:
The price action of XVG coin is completing final leg of bullish BAT pattern on long term weekly chart.
As per Fibonacci sequence of bullish BAT the targets are as below:
Potential reversal or buying zone: $0.003321 to $0.002484 (this should be used as stop loss as well otherwise the priceline can move down to form Crab )
Fibonacci projection or sell zone: $0.005317 to $0.008313
Ichimoku cloud on weekly chart:
On weekly chart the priceline has formed a double top at Ichimoku bearish cloud’s upper top. Now the price action of XVG is at the bottom of this cloud and can move more down for the completion of BAT.
Conclusion:
The priceline is likely to take bearish move to the downside. But infact this move can be a bullish reversal, because for the completion of bullish reversal BAT pattern this bearish move is needed.
XVGUSD
XVGUSD completing final leg of bullish BAT | Upto 234% moveOn long term weekly chart, the priceline of XVG is completing the final leg of bullish BAT, the targets as per Fibonacci BAT sequence are:
Potential reversal or buying zone: $0.003321 to $0.002484 (this should be used as stop loss as well otherwise the priceline can move dow to form Crab)
Fibonacci projection or sell zone: $0.005317 to $0.008313
Regards,
Atif Akbar (moon333)
XVG WEEKLY SUPPORT AT 50WMAverge drawing down to 50 week moving average
macd showing divergence
could be a healthy bottom
XVG correctingThe chart is OVERALL bullish on the daily, weekly, monthly, yearly...
The pullback we witnessed was a healthy correction after a +600% move up from the bottom.
Second wave is completing in the next couple weeks then it is GO time.
In the short term, we could still lose another 50% but make sure to DCA.
Moved correctly from the chart
The Gartley pattern was properly formed and prepared for a great climb
XVG show is near!My idea is best buy opportunity before XVG huge move. If break up from the triangle happens, I think It will be big move .
XVG USD bull case monthly perspectiveIf and any there will be a higher low this will definitely confirm a change of trend in the price of XVG USD, which could give the price enough strenght to escape from that giant descending channel.
The higher low should be possibly found by kissing the MA...
XVG MY TWO CENTSverge is at the strongest support
verge is hated and despised by many
this is why verge will likely shock and awe
not financial advice
Support @ Weekly 100MAXVG had a great run! The correction has ended. The last couple days have been rough but it was a shakeout. The price found a strong support at the 100 MA on the weekly timeframe. The next stop is $0.015 and this should happen quickly now that everyone is worried it will drop further. Stay healthy. Stay liquid.
XVG/BTC (Retest 200D MA Dynamic Support?)XVG/BTC
-Verge is likely to retest the 200D dynamic support
-And the major support area around 50 sat
-This is also a confluence of last Fib support level 0.786
-I recommend placing Buy orders only when there are Bullish reactions
-Or any potential reversal signs around 50 sat range
-This will give extra confirmation that this level is important
-The trade idea is buying at the key support area
-Ideal stop loss is candle body below 0.786 Fib
VERGE - PATIENCE IS KEY HERE - CryptoManiac101XVG / USD TA
After nearly a 3.8 Million percent gain back in 2017, we have retraced 99.54% thus far and we might not be done just yet as we are currently riding rising channel, which has high chance of breaking towards the downside at least in the short term.
Bullish case scenario would be a break towards the upside but that would require Bitcoin to be bullish as well, which is yet to be seen as we struggle to even stay above $10,000 resistance point.
At this time I would be a buyer if XVG reaches four zero mark or if I see some bullish action from Bitcoin.
XVGUSDTGet ready for XVG.
Flipped resistance and is building support.
Bullish divergence on the RSI
Looks nice.
XVG MADE POSSIBLEthis could happen
it happened before
it can happen again
I bet a move like this would usher in some disbelief! LOL
Verge is an open-source cryptocurrency launched in 2014
Initially, the name of the cryptocurrency was Doge Coin Dark
Verge offers anonymous transactions, tangling the IP address and geolocation of its users using Tor and I2P technologies.
The main goal of the project is to provide individuals and businesses with fast, efficient, and decentralized transactions while maintaining their confidentiality.
The platform works on the Wraith protocol, which stands for technology that allows the user to switch between public and private accounts in the blockchain.
Verge uses a mixed algorithm which includes proof of work and 5 different hash functions: Lyra2rev2, myr-groestl, Scrypt, X17, and blake2s.
Update On Verge (XVG)I gave out the buy signal on verge back in late march early april for a long term position at 38 sats.
Since then xvg did have a nice surge in price and currently is having a pullback.
I will continue to hold the position as the 2 month chart now begins to compress.
I might consider to add more if we can hit support.
XVG BULL FLAGreally nice bull flag forming on Verge
I almost forgot about verge
I bought verge in 2017
never sold
ATH of .30 !!!
with this perfect flag playing out I am likely to add some right here
XVG/BTC (Descending Channel)XVG/BTC
-Verge is on a daily downtrend since the top at 104 sat
-On the other side, it is forming a Bullish descending channel
-Confirmation is the breakout the trendline resistance
-The key area to watch is 57 sat as it has been previous resistance before
-Which has the high probability to flip new support territory
-Upside potential, it might revisit the 90 sat range in the future
