XVGBTC trade ideas
$XVG market cycles - another 5000% for #VergeCurrency?Decided to tackle $XVGBTC this time. I like long term projections in case you may not have noticed. I'm more of a macro kinda guy.
If history repeats itself and we have another 5000% explosion (maybe soon, just look at the chart), are we headed to 14-18,000 satoshis?
Verge (XVG) has a $0 potentialThe 4hr timeframe of Verge (XVG) as captured in this analysis indicates an obvious bearish market for Verge that is relentless. Exponential moving averages 40 (in red color), 20 EMA (blue) and 10 EMA (green) are used to track price action with Verge only managing to close above all three (3) EMA’s on June 3, 2018 and July 3, 2018 as examples, while it has spent majority of the time trading under all EMA’s shown on the chart.
The most powerful use of a moving average is its slope and all three EMA’s with a descending, falling slope does not bode well for Verge (XVG).
~0.00000240 is indicated in this analysis as a likely price level where Verge (XVG) can find support, which is also the price low achieved on May 11, 2018.
The relative strength index (RSI) as shown here indicates that bearish momentum is running out, in disagreement with the message conveyed by the EMA’s.
Daily momentum (not shown here) however does favor XVG bears, so it is better to be patient for further development in price action before taking any position (long or short).
Alternatively, staying away from trading or investing in XVG would suffice. The RSI moving above its current bearish trendline (in blue) would be nice to see as further confirmation for the initiation of a long(buy) position.
~0.00000428 indicates a price level to possibly watch out for entry into long (buy) positions. Another option is to wait for price action to close above the top of resistance at ~~0.00000574 before initiating a long (buy) position. The former is considered less conservative than the latter.
Verge (XVG) breaking below ~0.00000240 perhaps does suggest retracement back to 0.00000000.
Verge heading to 170 Sats!?!I know that you guys want to see the next bullrun of Verge, but i would be currently very very cautious with this coin!
The bounce of the red line was expected and normal. But it's not certain if the support will hold. 330sats are the crucial target. After that we will drop to a price nearby 170 sats.
A 1 to 1 extention of the ABC correction would hit the last longterm support at 170 perfectly. (green wave)
Furthermore we can draw a perfect Elliott Wave with a finished 5th wave again at 170 sats.
You have to have in mind, that we don't start a bullrun just because we draw a line.
TA is just the implication of the overall sentiment, which is currently very bad for Verge!
Again: We can hold the red line and forming a bigger triangle, but i doubt it!
double bottom with a descending wedge on XVGBTCThis looks like support is in the 350-360'S Sats. There was good buying last peak thru 860 sats so it could have a lower high 650's then head for a tripple bottom or break out to 11-1200. I think this could possibly be a 100% to 200% return over the next 30-60 days if it follows the pattern im seeing. just my opinion and I did buy at 365 sats.
XVG VERGEFAM HOLDING STRONGHey guys,
We have seen strong demand on xvg lately after a long bear market. I see undervaluation of XVG and shaky bear hands recently. Long position opened today with a target of 550sats - 45% profit with 5% SL !
Keep it tight - Keep it Real!
XVG preparing for next BullRun$$$Verge on ideal Support. Coming Wave 1. The Weekly RSI has presented a Bull Pattern
88% or 400-500 satoshi burst inbound to 800-900 satsPrevious analysis was a little off, but close with in price of accumulation as you can see.
Now though:
StopLoss has become so obvious, it is fair to assume that we may have a quick bull burst here. That might reach the ceiling of a new channel.
Entries between 350 and 400 are all valid.
Stop loss below 350, and look for new entries if broken below.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
XVGBTC a good chance to open long positionVerge is one of the top coins, which can demonstrate good growth during 2018. Decrease to Fib 0.786 support level opens opportunity to open long position. Today, most markets are down, many other top coins also provide a good entry opportunity, but first of all we recommend to pay attention to XVG.
Bullish divergence of 4-hour scale can push the market to test the 0.00000725 level within a week.
Is XVG finally EXORCISED of the PORNHUB CURSE???XVG has been down BIG since the semi-questionable Pornhub announcement. XVG has bounced off strong support at ~350 with a thunderous green candle. This coinciding nicely with a bullish EMA cross. All the while MAC DEEzy is looking healthily bullish, ABOVE signal on every single timeframe. Perhaps its catching a buzz from all of the other green out there or its time to make sure your safety belts are fastened and food trays are in their upright and locked position! Its GO time! "Don't call me Shirley."
Food for thought/// Why on Earth would Pornhub not team up with a more privacy & security focused coin? Here's a hint... Its Green.
I'm still very much a rook when it comes to analysis, constructive criticism appreciated. Thank You everybody!
$Verge , $XVG Bull Trap...
Weekly
Looking at our trend timeframe we see price has reached our major support level of 350 satoshis. Stochastic RSI showing momentum continuing towards the downside with no signs fo slowing down. Weekly showing two possible scenarios in this bear market.
Daily
Shifting over to our pattern timeframe we see price is stuck in a very aggressive downtrend and is not showing any clear signs of reversal. Stochastic RSI showing momentum has bottomed out, however price is showing other wise. Expecting XVG to fall towards 100 satoshis by the end of the bear market, If BTC fall towards $3,500 level expect Verge to drop to 100 satoshis
XVG DROP IS OVER TIME FOR RALLY!!!!!!! (300-400)% TargetVerge dropping has near the bottom side of the pattern forming. Its forming W pattern with bottom side been touched.
Entry and exit targets are clearly started on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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Comparing #xvg $XVG for 2017 with 2018 looks like there could beComparing #xvg $XVG for 2017 with 2018 looks like there could be another 40x gain soon - dejavue #vergefam
Verge (XVGBTC) wave analysis: 4hr tfPrice action from ~0.00001419 on April 17, 2018 till present date is identified in this analysis as an ongoing corrective (3 wave) move for Verge (XVGBTC) that not yet complete. The downtrend is described here as a possible zigzag Elliott wave structure. A minute wave ((c)) of the structure (last leg) that is currently ongoing should see the price of XVGBTC further decline.
The earliest price target for XVGBTC based on the zigzag structure for minute wave ((c)) is ~0.00000524 or 0.00000281 at which point minute wave ((c)) would = 100% minute wave ((a)).
Any upward move in the price of Verge (XVGBTC) should find resistance at the target area shown on the chart (between ~0.000000836 and 0.000000765).
The ADX as shown here with a negative slope indicates a consolidation or sidetrend in Verge (XVGBTC). Patience is therefore required to see how price action further transpires as opposed to selling immediately.
The point of invalidation (POI) for this analysis is a price close above ~0.00000951, which is just above the high of price on May 3, 2018 at ~ 0.000000945.
