XVGUSDT trade ideas
VERGE (XVG/USD) - A Pretty Volatile Coin Is Ready to Explode!Question: Why?
Answer: Because of the triangle, because of the triangle tip. The triangle is a pattern where the price could make pretty big moves after the breakout. If the price approaching the triangle tip, then the price is smashed together and it will be ready to explode.
Currently, XVG is ready to make a move AFTER You have seen a candle close above the triangle upper trendline, SIMPLE as that - wait for a confirmation and it should be at least 4H candle close above the triangle!
The targets are the orange horizontal lines!
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BTC Analysis:
Run is over?As you can see every peak is in the downtrend.We need break over downtrend line to confirm run to 0.09 u'USD
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Wait for a 4H candle close above the down trendline which will indicate that the Verge may want to change short-term direction and the first target is the light blue area around 13%.
Definitely wait for the 4H candle close and definitely watch what BTC' do. BTC major support level is the $3,580 and if it starts to fall lower then this then the current trade is invalid. Currently, I expect a bounce from BTC and this will guide VERGE' easily into the first target but still, wait for close confirmation!
BTC' Analysis:
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XVGUSDT - Just noticed this huge upside curved channelI will definitely be buying before this breaks out of the Chanel.
If it breaks down, its game over for XVG.
A Bit of Relief in XVGA bit of relief in the Bear market but no Bull Market Confirmation. The price might recover a bit to the levels indicated but most likely nothing over .034 unless a true bull market confirmation. There is a strong down trend resistance line that must be broken for a reversal to be confirmed. Expect the price to test lower lows if bull market not confirmed.
Break Out or Fake Out?Another fake out ? Seems like Verge has been bouncing off this diagonal resistance for quiet some time and tested it twice before. So will resistance hold this time or is it ready to run like Forest Gump.
The whole market seem little shaking waiting for btc to hit the 5k area or break out. So its best to sit on the side line and wait for a clear break out with volume and possibly a retest that holds.
If it doesn't hold .034 and .025 are the next support levels.
We need to brake resistance of 0,0573 USD We need to brake resistance of 0,0573 USD(blue line) ,and not fall under 0,0541 USD.
XVG LongXVG is consolidating before the next leg up. Expect it to do this until June 1st or so then go parabolic to roughly $0.23. There is resistance along the way but no worries. HODL for payday.
Break out comming soon?As we can see from beginning of the year,XVG has lower lows,but looks like it is on the end of this appex.
Break out comming soon.
XVGUSDT Needs VolumeXVG is testing resistance at the 50 MA. Volume needs to pick up more in order to breakout from the previous support/resistance around $0.78.
RSI is indicating the price movement is strengthening. XVG has been consolidating for a good bit of time now...volume will be the catalyst that is needed in order to reach higher targets.
