VERGE XVG ON 299% - 799% PROFIT - DEPENDS ON BOUNCE AREA - MVerge has been in drop accumulation phase for some time now. All negativity surrounding it is pure FUD and does no damage to this coin since it's simply following it's natural pattern.
Expected returns are huge for this coin, current maximum target for out pattern is 2,400 satoshi, however we can stop lower or higher. Further pattern will become visible as we finish up with this one. Privacy coins will become more popular this year and all 'hacks' with 'attacks' are positive things for such coins since developers can fix this issue sooner before we get higher volumes on it and at which FUD news will actually pull price down by a lot more breaking any pattern.
We are currently in a good buy zone with STOP LOSS at support line around 510 if you guys want to play it safe. We are actually having several patterns which are huge possibility of playing out within next few weeks. We have a butterfly pattern which has high probability of being followed. We also have a triangular pattern with high resistance levels when we get around 800 levels which can push it down therefor breaking our butterfly pattern, however I see it break it firmly if our butterfly pattern is followed for next week or two. Other patterns are here as well, but I won't go into them as they all have lesser probability of becoming a reality.
My take on this coin is that if you want high rewards with medium risk, then get into it for medium to long term.
Bitcoin is playing a key role in this and don't be surprised if we suddenly drop below 510 in case BTC drops to $7,100 levels which is still highly uncertain and probable. In addition if we suddenly start mooning, don't surprised as well after such major price retracement it's also huge possibility.
Below is just an earlier chart for Verge we have made a few month back on our last trade.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XVGUSD
XVG (Verge) Trade Prepare! BULLISH signs in one level!We have a classic price action setup forming!
4 of my favorite price action criteria's in one level zone:
1. Strong support
2. Support crosses with trendline
3. Crossing happens exactly in Fibo 70.5% level
4. And those criteria's supported with EMA&MA200 in this level zone.
*5. There we need some bullish price action from candlestick also (Hammer, Morning Star, Railroad Tracks, Engulfing, Tweezer)
Keep an eye on it!
Please comment and like this if You find it was helpful!
Best regards!
How you will lose money with Verge (XVGUSD)Verge (XVG) seems to be struggling after the news came out. This coin has a huge community backing it up. So, there will be a turn around soon. Especially considering that there will be some events in mid and end june. But for now the next few days, you might lose some money with this coin. I think that there is around 10-15% loss potential right now.
The advice would be to hold or sell and buy at a lower position.
XVGUSD: simple long setupXVG continues it's descent in what appears to be a descending wedge. These are generally continuation patterns if they appear immediately after an uptrend. I have been watching Verge closely and trading smaller intraday positions. Now I see an opportunity for a larger long.
XVG is retracing to the 0.786 level. This coincides nicely with the wedge bottom and I expect a bounce here. My target is the 0.618 extension.
If successful this trade should develop over a number of weeks into early June.
XVG medium term target .29 on impulse wave 3Looks like we are finishing up an ABC corrective wave. On lower time frame I count 5 sub waves on leg C of corrective wave
RSI is also showing positive divergence vs price.
xvgusd long term trend to 2$ till 10$ during 2019By current trend we could see at least 2$ per Verge in end of 2019
XVGUSD H&S failed could go to 0.04 $ before rebouncing to 0.4$Head and Shoulder failed. Most possibly we will see -30% lose until 4 cent before re-bouncing to 40 cent
Verge #XVGUSD - about to rally again?From a technical point of view, the price of the VERGE cryptocurrency is in an interesting place on the chart: very close to the target level of 61% Fibo at 0.0514. From there, the price may turn back and, by breaking the downward trend line, return to the upward cycle. Resistance levels on the chart.
I've Set a Buy For Verge XVG at $0.0486I have discussed Verge previously in my postings. I believe it's a great project with a very active and enthusiastic community. It has also made a very large deal for Verge to used as an online payment systems for MindGeek and it's group of companies. Verge was selected over Bitcoin, Ether, and Dash as well as other coins for two reasons. Verge is extremely fast to confirm transactions, on the order of a few seconds, and it's extremely private including the use of TOR to mask it's traffic.
MindGeek is the largest purveyor of Porn on the internet, it has a massive presence and business. This is a big deal! I'm not endorsing their Porn business, but it's a good investment in the payment system in the same way investing in Visa and Mastercard would be if you could get such a favorable opportunity.
I have placed an order to buy Verge at $0.0486 which I believe is a great target price based on the chart history. However buying Verge anywhere in this price range is a good move. I already hold Verge in my core portfolio which I bought at much lower prices than $0.0486 some time ago.
See my previous charts for deeper explanation of the chart and Verge's prospects as a coin.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
XVGUSD 1D chartMy previous published idea:
XVGUSD is on the rising black trend line drawn in the log scale and has a great support at 0.053-0.058. XVGUSD has a great chance to surpass the big down trend line.
XVGUSD 1D chartTrend lines on logarithmic scale chart
Inverse Head and Shoulder
Two possible right shoulder patterns
WXY Extended correction INTO A Cup and handleXVG Still the best setup or one of the best setups right now be patient
An Open Letter to VergeOkay, first, I accidentally deleted the original post and didn't copy the description, so this is the second time writing this.
Second, follow me on twitter cause I kill it with the short-term updates on $BTC and other coins (@CryptoEball).
Okay, now that the self promo is over...
Dear Verge,
Verge. Oh Verge. Oh how I love you. Your marketing techniques are quite funny. But your actual fundamentals and price action a few months ago made me fall in love. And I've had this special place in my heart for you. Things haven't been looking all that great recently. And they may not look all that great in the near future. But that's okay. You have one of the most bullish volume patterns in Crypto. It's high when you go up, and its low when you go down heheh.
All I see is a coin that wants to go up, but Bitcoin is schizophrenic. Its just dragging you down with it. The market may not go well this year, and that's okay. What are several more months? Even though each day feels like an eternity... But because of that I have to be patient with you. I can't rush it. I have to wait until you can make this decision. Right now it looks like you're forming a triangle. And I have to see which way you break. It's okay if you take your time, I'm not in a rush. I'm not writing this out of fear, but love.
If the market does what I think its going to do, and I see you in the distance, sitting still with low red volume. I'm going to accumulate the hell out of you. The living hell out of you. Because you're going to MOON. no. MARS. You're going to MARS. But I have to wait until I see you mature. Until I see you heal into the coin that I believe you can become. I can't help you with that. You have to do it on your own. *Sad face*
In the short-term, sitting under the cloud with bearish divergence on Williams %R and OBV aren't good looks. You have support under you. But what's above you makes me worried. But when the time comes, and you're looking good. I'm coming for you and never letting go.
Sincerely,
Your lover.
No, but seriously guys, short-term looks bearish for Verge. Depending on what the market does, Verge will follow, If BTC doesn't do well, then expect it to fall from this triangle. If BTC does well, the it may break out above. It has quite a bit of support under it, but we'll have to wait and see what it does. There is not rush by now. Don't FOMO into buys. Just wait and see how it plays out. If we're talking long-term I'm still hopeful that Verge will be an amazing buy. But we'll have an answer within the upcoming months. This is a different post than what I usually make. It's more so just a long-term investor type outlook.
VERGE IDEA - UPWARD WEDGE PATTERN TREND $0.14 THEN $0.42Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
VERGE DOESN'T LOOK SO GOOD IF THIS SUPPORT BREAKSVerge is a great crypto but with a bearish market, downward break and upcoming weak support, we may see new lows of 500 - 550. Wait for support break for confirmation but it doesn't look good unless we have a firm bounce.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XVG looks cute :) %50 profit chance (update)waiting good profits from verge. 2 weeks hodl.
not and invesment advice, please do your own research before invest. All just my opinions.
XVGUSD wave 3 of 3 to begin?seeing a larger degree wave 3 to begin.
higher highs, very bullish on XVGUSD and XVGBTC
if this timetable is valid and begins to move in this direction with the price of BTC at a relatively 'stable' price of ~10k we can extrapolate a Satoshi value of ~1250 satoshi as the next target before a pull back and subsequent LEAP to higher highs (relative) and then ultimately new all time highs.
what is everyone else seeing?
comment Bull or Bear - trying to determine that im not looking at this with bias bullish goggles on
kinda like beer goggles :) but for crypto
Trading Scenario XVG-USD (31 December 2017 - 4 May 2018)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading XVG-USD from 31 December 2017 to 4 May 2018, on the Daily Chart.
In this trading scenario, on 31 December 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment capital. Entry price $0.22
After that, Verge crashed about 92% !!! But, my Trading System is also designed to survive heavy crashes, so no panic!
For trading on the Daily Chart, we can use up to 7 times DCA-Buy (Dollar Cost Average). The lower the price, the more we will DCA-Buy.
On 4 January 2018 we've got the first DCA-Buy signal from my Trading System. DCA-Buy-1 price $0.16
On 18 January 2018 we've got the second DCA-Buy signal. DCA-Buy-2 price $0.11
On 7 February 2018 we've got the third DCA-Buy signal. DCA-Buy-3 price $0.05
On 19 March 2018 we've got the fourth DCA-Buy signal. DCA-Buy-4 price $0.03
After 4 DCA-Buy's, our Average Price is dropped from $0.22 to $0.07
On 4 May 2018 we've got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $0.08
PROFIT: 22.46%
About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital.
I wish all of you, the best trades, and very green profits!
Peace and Love
Global Crypto Trader
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DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.