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XVGUSD trade ideas

VERGE(XVG) Elliot WavesVerge has had quite a run up over the past year, it has successfully completed waves 1-4 of a 12345 Impulse wave. We have just started wave 5. Wave 5 can be predicted by drawing a trend line from the end of wave 2 to the end of wave 4 and projecting a parallel line of the trendline off of waves 1 and 3. Wave 5 WILL end on of those lines before an ABC correction ensues. Generally, if wave 3 went past its Fibonacci targets, and was extended and run away type of wave, wave 5 will be shorter and end on the parallel trend off of wave 1. So wave 5 should end at $0.48 USD, by May 14. Also there is a beautiful Inverse Head and Shoulders forming as well.
XLong
by clapper2050
VERGE - 4hr Timeframe - Update on Buy and Sell OpportunitiesFollowing our previous daily timeframe overview (), we can clearly understand that Verge has completed a major running flat type correction and is heading to the downside, on the daily timeframe. In the 4hr chart, it seems that BITTREX:XVGUSD is now in the process of making a smaller degree flat type correction. The "c" leg movement to the upside, which has already commenced, can be a nice buy opportunity, but for us it seems too short lived and not with such a great R/R ratio. The movement to the downside which will follow once the abc is completed, seems instead like a great short opportunity not to miss, with a target in the area of the previous lows and lower. Updates on this and smaller timeframes will follow. If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button. Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down). Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade. Thank you for viewing.
XShort
by TradingClear
1
VERGE - Daily Timeframe OverviewVerge BITTREX:XVGUSD has just completed what now looks in a pretty defined manner like a running flat for more downside. If our vision is correct, the cryptocurrency is heading down all the way to retest previous lows in the 0.24 area, then we will see if there will be further buy opportunities. The extremely interesting thing about VERGE is that it is leading the way, time wise, for the movements of many other cryptocurrencies, which share very similar charts. If what we are currently seeing is correct in this matter, we can be pretty certain that once other cryptocurrencies will finish their identical corrections to the upside, they will come for one more down movement to the downside to retest previous lows. Updates on smaller timeframes coming soon. In relation to cryptocurrencies, let us remind all traders that any attempt of forecasting based on wave and structural analysis has to be taken in a very conservative manner, as these financial instruments could not have been traded in the markets for a long enough time to consolidate their structure and make a valid projection possible. If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button. Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down). Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade. Thank you for viewing.
XShort
by TradingClear
1
OK XVG you have my attention!OK folks. I'd like to start by mentioning I'm not a personal fan of new privacy coins in the space as a monetary long term investment until we see how world governments decide to regulate the space. In my honest opinion, these would be the very 1st targeted and removed from exchanges of volume and forcing it into the hands of people who use it as a privacy currency despite regulation and not an investment per se. That said, XVG seems to have followed the TRX hype machine example and has developed a fair amount of interest through social media on personal emotion and shows a lot of functional promise in privacy. It's also supported by an army of people pushing it to regain massive losses from hodling XVG from Dec 2017 For now, XVG has my attention for a potential swing or day trade with it's violent price swings and can be quite profitable. Lets take a look at the chart. XVG is presently trading inside a Symmetrical Triangle, of which in reality will play out into a break up or down from an ascending or descending triangle like shown. With the market once again ramping up emotions and Fomo / Hype buying, I'm really not sure if taking profits or more upward parabolic movements are in store for XVG. I'm personally watching closely for a movement and break from one of these two triangles to enter a trade. I've outlined some areas of interest so you can simply press play on my chart to gain an understanding of the direction it's moving in my observations of potential. a break either way could be significant short term. Please Like, Follow, comment, and check out my profile signature if you find this information helpful and objective!
X
by Techmology
6