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XVGUSD trade ideas

VERGE - Update on Potential Buy OpportunitiesAs of now, Verge BITTREX:XVGUSD seems to be in a running flat correction to the upside. Said "abc" in formation, could retrace the cryptocurrency all the way to a 0.786 or 0.886 of it's previous impulse. If it does what we expect it to do, all the better for us, as we will then consider taking long positions with an expected margin of over 800%. From the 0.0064 area, therefore, we will be looking for buy setups, on this pair: watch out for ending diagonal formations, double bottoms and other price action patterns for an entry point on their break. For a more conservative approach, wait for a first impulse to the upside, wait for a small correction of said impulse on the 60min timeframe, and buy the break of said correction with a stop loss beneath it. 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.
XLong
by TradingClear
5
XVGUSD Long Term PerspectiveAfter publishing a long term chart for DASH using ElliottWave analysis, here's my take on another (not as well known) privacy coin - Verge. I won't be talking about the coin itself and its features, but about the price pattern that I am seeing applying EW for what could become one of the most price-breaking coins in the coming years. We're currently in the middle of an extended wave (iii) within a larger wave 3 that should take it to the 1.618 log fib extension of $66 in 2019, with a first stop at $5 in 2018 potentially extending to the $14 fib. In the short term, we could still see the current price movement correct down to $0.05-$0.10 in an ABC wave if $0.12 is broken. While the fibonacci levels shown in this chart may seem unrealistic due to the extremely high market cap that Verge would attain (is there any such thing as unrealistic in the crypto space anyway?), please bear in mind that the market cap means little as price is driven by volume and the number of traded coins (rather than total coins). At the end of the day, price is driven by sentiment and a solid privacy coin such as Verge is well positioned to attract lots of private investors and later on institutional investors as they follow the frenzy driven by the former.
XLong
by Eboard10
12
Indecision with XVG - A Continuation Pattern Emerging?A lot has been written about XVG in these past few weeks, with many being hopeful. This led only to disappointment as the XVG continued to show poor performance. Most original Technical Analysis charts (including my own) indicated what appeared to be strong evidence for a symmetrical triangle. This suggested a quick price breakout in the positive direction for another strong impulse wave. Conservative targets for the currency suggested a price around $0.50, while more aggressive values were upwards of $0.70 for the near term. Whats going on with XVG? XVG appears to be in a deep continuation pattern (rectangle). Strong support is shown around $0.135 and strong resistance around $0.250. Over the past two weeks, the price has oscillated wildly between these two points, forming a rectangle pattern. Despite this, there has been a fairly consistent decrease in volume traded for the currency suggesting that some kind of breakout is occurring in the near future. The MACD for the currency is beginning to roll upwards, suggesting that the price could break positive as the crypto market cap grows off yesterday's flash crash to 0.650G$. Additionally, the MACD roll as well as low trade volume could potentially indicate an oversold condition. In other words, a decision is on the horizon. Look for a breakout at $0.25, and then at $0.30. If these targets are met, then XVG will likely test new highs at $0.50. However, it is important to bear in mind that the rectangle patterns can indicate reversal such that the price could just as well break downwards. If this occurs, then expect resistance at around $0.09. While, this is not my primary count due to MACD and volume, I would like to cite this as a possibility. Confidence 3.0/5.0 Keep it real @mxcrypt Note These solely my own ideas. This is by no means professional financial advice and I cannot be held accountable for any investment decisions undertaken by reading this article. Found this helpful? Feed me some crypto! BTC Wallet :3PPENyabp2gsEfNahLyhMsgdwtjbodrtFm ETH Wallet :0x7792cB95e9faa8B4049c88dD0dD567Cb843bc696 LTC Wallet :MXDmNsYKccTxnyXe4vpq3XrbstHsKex9S9
X
by hyper_cubist
7
XVGUSD - Possible End of Corrective Wave PatternPossible completion of the final wave E corrective wave right at the .50 retracement level. Hopefully signalling an end of the corrective period. Full release of Wraith across all platforms official as of Jan. 10 (Linux, Win, OSX). Market down overall so a reversal of the altcoin market should give XVG a strong surge into a new impulse wave pattern. ETH's recent run and reversal yesterday may signal it's at the end of wave 5 and will begin its corrective pattern. As ETH's bull run took a lot of money from alts, the reversal to corrective wave pattern may signal a bullish return to alts (and subsequently XVG). This is my first post so please feel free to tear it apart, though constructive criticism is most appreciated. Cheers and good luck!
XLong
by ChefReign
2
XVG about to EXPLODEXVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the crypto market is so bullish, XVG will most likely exceed that target, possibly reaching $0.65 (1.618 Fibonacci Extension) or more. In addition, within the symmetrical triangle, there are three falling wedges. The first two wedges led to a noticeable spike in price but failed to bring a decisive breakout. But as the saying goes, "Third time is the charm," the third wedge (the one XVG is currently forming), will likely bring an all time high. Market trends tend to come in sets of three (sometimes two). For instance, the impulse waves have 3 motive waves (waves that drive the price up) before a correction. Also, the triple combo corrections and the WXYZ corrections have 3 corrective sub-waves before starting another impulse. Once three of whatever pattern happens, the price is likely to change. XVG's three corrective wedges could signal the end of the corrections.
XLong
by aoeuaoeu
9