Verge broke through key resistanceWe have breached a key resistance line. I will watch this and see if it holds. It provides good support for a move up to line 1.
I will use line 3 or 4 for stop according to price action.
Remember this is an unusual weekend with Chinese new year holiday and Presidents Day holiday in USA ,18 Jan
XVGUSD trade ideas
Verge vs Dollarwhat i see...a return to 25 cents but over much longer time table.
also dependent on price of btc...but i think BTC going to retrace for a quick minute or week :)
once price of btc corrects and begins next impulse set of waves, we should see the rest of the markets recover at which point we can see the return to 25c XVG
Verge Trades2/9/18 00:00 - Entry (.05) -> Target (.10) Sell Stop (.4) Possible Bear trap
2/10/18 08:00 - Pivot at .66 (Target missed) (Possible first selloff)
2/11/18 04:00 - Pivot at .48 (Hold)
2/12/18 11:50 - Appears to be entering into a price channel. Still bullish on Verge.
XVGUSD - Update on Buy OpportunitiesFollowing our previous analyses on Verge () we have seen that this cryptocurrency broke the downtrend of it's downward consolidation, to the upside.
Congratulation to all those who were monitoring the trend and managed to get into the buy.
Upon a closer inspection we believe however, that there are two possible scenarios that could both play out on the daily and 4hr timeframes. Since at this moment it is not yet possible to know which one will exclude the other, we warmly recommend all traders to monitor price action closely.
More in detail, after the break of the downtrend, the price had a small although impulsive movement to the upside. If this movement is followed by a small 60min correction to the downside (flag type correction or small flat, which seems to be making at the moment ), this will signal that the bigger corrective structure has already ended at (c), and BITTREX:XVGUSD is resuming it's uptrend.
If, instead, BITTREX:XVGUSD reverses to the downside, it will go for one more down and will be breaking (c), before resuming the uptrend. Although less probable this scenario could still be possible, which is why we recommend all traders who are in long positions from the break to put them into break even.
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.
Watch out for Verge!Verge had an amazing run earlier this year and I'm sure a few Lambo's were purchased because of this, but that amazing run could spell disaster for anyone still holding XVG. The only thing holding Verge up is one support at $0.045, if this support is broken we're likely looking at a 60+% fall down to where we were before the bull run. If you are currently hodling XVG I strongly suggest you set stop-losses or watch the price carefully.
Can we get a repeat performance?With the increase in volume and resistance broken I hope we see a repeat of the late December, early January activity.
Not looking for a moon shot, just some good old fashioned, steady growth.
Just my opinion.
Verge - Breaking to the upside - Update on Long OpportunityFollowing our previous analysis on this cryptocurrency (), we have seen a minor impulse to the upside - congratulations to all those who took the buy on our entry area and took profit.
This impulse was followed by it's own long and slow correction to the downside, which has ended and, as a matter of fact, the price is currently breaking out of the trend. Monitor closely for a small pullback on the 60min chart to enter the trade.
We believe that this trade might be short lived and just test the top of the previous small impulse to the upside on the 4hr timeframe, being in consequence part of a bigger structure for more downside. Nonetheless, a buy opportunity worth taking, with a minimum expected target in the 0.1444 area.
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.
VERGE - Update on Potential Buy OpportunitiesFollowing our previous analysis on this cryptocurrency (), we have seen a minor impulse to the upside - congratulations to all those who took the buy on our entry area and took profit.
At this moment, this impulse is still being followed by it's own correction to the downside, which, however is dying out and at the same time is building up divergence on the minor timeframes. Monitor price action closely for potential breaks of the 4hr trend line to the upside for buy opportunities. However, as the structure in the chart presents big similarities to many other cryptocurrencies, we believe that this trade might be short lived and just test the top of the previous small impulse to the upside on the 4hr timeframe, being in consequence part of a bigger structure for more downside. Nonetheless, a buy opportunity worth taking, if and when it presents itself.
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.
XVGBTC gonna break out!-Inverted Downtrend Head and Shoulder pattern
-Touching the resistance with increased buy volumes
-Neck Line being tested
-Possible 50% or more profits should it break out.
XVG to MoonLook at this beauty guys. it has been squeezing for a couple of weeks. This energy needs to be released soon. I believe that this is the bottom for XVG and can shoot through the moon anytime. I am expecting this to be moon within a couple of day. That could be tomorrow or day after. set you position guys.
MACD is looking very good.
get in before its too late guys. However, please take this as an idea not an advice.
Thank you. If you agree, please don't forget to hit like.
XVG Finally bottomed out! Xvg has finally reached it's bottom.
So it wil start a new marketcycle although XVG made a MACD-crossover on the daily chart it hasn't got enough power to reach for the moon yet , the volume indicator confirms that. So XVG will move sideways in februari and start to reach for the moon in march. Because as we know verge has a lot of hype surrounding it and there are some nice events coming for XVG this march. www.coinmarketcal.com
Risk of another lower low? A lower low is always possible but it bounced very hard from the last low and in addition to that the volume has almost dried up with are both indicators that XVG reached it's bottom.
Start Accumulating XVG the coming month , because the hype around verge is real!
Ride the waves to the moon with me !
XVG continues bullish after correctionXVG after hitting first target got correction and then went to our second target. Now we see retracement at 0.0577 and it goes to the downside buy zone near 0.052-0.054 . after reversal at this point we will have two new targets one at 0.06 and second at 0.063 depending on Elliot waves the first target is more reliable.
XVG/USD Levels To WatchHere we have XVG/USD on the 4 Hour chart.
XVG/USD has been in an up move for some time. Price has been making higher highs, most recently at $0.22 ( 01-09 ).
After XVG/USD had a short term correction to the downside, I am now expecting an up move to my upside target of $0.060.
I am expecting Verge continue with the current upside momentum, and I am expecting a move to at least $0.066. It could either break out now, or hit the target in the longer term.
This trade could play out in 2 ways:
-Price continues to rally to the upside to the upside target of $0.065. Bare in mind if this plays out that there will likely be some corrections on the way to the upside target.
-Price retests the resistance turned support at around $0.057 after the move begins. This is not before having a retest at the lows with the horizontal support zone at $0.048.
Dont forget to follow if you want to be informed.
Bearish wick FormedLooks like bearish wick was formed in ascending bearish triangle.Let see what will happened.
xvgusd back to ATH in two weeksBack to parabolic grow and 10 Cent if resistance at 5 cent will HODL for in next two weeks
