XVGUSD trade ideas
XVGUSD - Q2 GONNA BE JUICY - $1.00 by JulyXVGUSD had a massive run up leading into 2018. Q1 has been a pure corrective wave since the New Year following the market. As the big 3 start to correct more, I'm betting that market cap will flow into other quality coins, XVG being one of them. As it has two major milestones coming up for Verge with support for RingCT and RSK contracts. It's headed toward the 1D 233 EVWMA band which will provide good support. There will be a bounce...and if it's motive... gonna be juicy in July.
#XVG #VERGE - Lower Lows - DEDVerge seems to be dying a slow death.. lower lows after each attempt to go higher. down down down. Ouch.
I'm glad I abandoned this coin when I did a long time ago.
Buyer beware!
XVG USD Hi, lets get started.
Looking at 4 hours charts, we can see that we are in a bearish trend, but from my point of view, it's look like we are in process of generating a huge Head and Shoulder pattern. which should take us all the way down to around 0.026 USD/XVG ! after that we should go all the way up to 0.09 and fall again to generate a right shoulder. (This is just a scenario of what can happens, it's not a trading recommendation). In past couple of days we could see massive selloff, but that's normal when price is going so low (comparing to BTC) XVG went lower than others cryptocurrencies, which have stopped falling after the 5.02.2018 and rise. Why is that? Because XVG rise around 4000% comparing to BTC around 300% .
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
xvgusd above $1 in Middle of this yearWith cyclical pattern the XVG Verge will rach valuse above 1$ in the middle of this year
Verge Market Cycle - Will we see Depression?Verge currently in good Buy Zone (same as many other Alts). There is resistance at the 0.786 right now. Depression phase still possible.
XVG Verge about to break out Verge (XVG) is one of my favorite Alt Coins. It's a solid coin that is in real world use cases today. It has an active marketing team, a roadmap, and a solid development team.
It is one of cheapest coins in the top 30 market cap. After the correction it's currently about 80% off of it's all time high. It's relevant to the crypto-world, and XVG is focused on Privacy which is an important attribute for a decentralized asset. Verge has a respectable market share of 800 Million Dollars plus making it number 29 in total Market Cap, Trading volume in the last 24 hours is over $12.5 Million and XVG boasts of the strongest communities of supporters out there.
As to practical use, I've used Verge to transfer funds between exchanges and I can tell you that converting to Verge and transmitting my funds to another exchange is by far the fastest method (a couple of minutes) I've ever used. It was worth the commission to convert to Verge and back to me in a time sensitive situation to catch a trade in an ALT coin that was not listed on my favorite exchange.
Verge is about 25% of it's all time high just prior to the BTC decline. Verge was also savaged by some FUD spreading rumors that all turned out to be untrue which undoubtedly hurt it's price more during the decline. Even with those attacks, Verge has held it's own and the weak selling volume during the decline in price seems to back that up.
Today Verge is in a triangle formation that is nearly closed which predicts a break out. Two previous attempts to break to the upside failed to break the upper declining trend line further back. What is new is that now we have the very recent formation of a lower leg in a triangle creating wedge pressure to the upside. Barring a downturn in BTC we can look for a near term breakout in XVG to the upside.
Some may disagree with where I've chosen to draw my Fibonacci levels but I feel it best helps to demonstrate the resistance and support levels for this situation. The two rectangular boxes represent zones in which I would consider taking partial profits so long as the trade looks good.
My projected target zone to close a short term trade is about $0.20 for a profit of 262% from todays price. I would not enter this trade until a daily candle closes over $0.0648 and set a stop loss at $0.055.
For the average investor, todays price is an excellent buy opportunity and a long term hold ignoring a short term trade. I feel Verge could easily reach $1.00 by mid year if so, that is a 18X profit from todays price.
Personally I've been adding more Verge to my portfolio since the first of February 2018.
Good Luck!
xvgusd #zoomout1 year layout for monitoring. Consider the "buy areas" and triggering zones.
Next peak around $1.26
Buy once price breaks above out of narrowing descending side trend.
verge dolla dolla bill yallBINANCE:XVGBTC
just for reference will also post the BTC pair as well. expect this to lag...If bitcoin is bullish XVG will probably be sold off even lower again. And if BTC is corrective (bearish) we could see XVG retract in USD pair and balance out by increasing the BTC pair. (if BTC sells off harder than XVG we can see USD pair decline while the BTC pair "catches up to the BTC pair" --> a bullish scenario is created when BTC and USD pairings increase at the same time, with one exceeding the other and vice versa).
And thats what I think will happen. It may take more time than this, but im going for estimates. and direction. 3 weeks and we will have much clearer picture.
XVG/USDVERGE (XVG) is showing a rather bullish wedge that broke out and price worked to put in wave 1 and is likely still working to finish wave 2. While wave 1 isn't the most beautiful impulse; it is acceptable given the bullish background in Cryptosphere.
The subwaves have been labeled and the corrective abc shows that C is complete with all five subwves. This gives good odds that the resumption of the uptrend could start.
The blue waves show the projection of the next round of impulse waves. Some are calling for the Head & Shoulders top formation; but this is a topping formation and they don't show up at the bottom of a correction.
XVGUSDXVG is looking pretty good. It will pump up soon. Place order just above the red dotted line in case it goes down. It is very unlikely for it to go down because it has found pretty sold support at where it is now.
Let me know if you have any questions about this ta..
Thank you
Called this 19 hours ago on the 4hr. Breakout PotentialI would wait for confirmation of the breakout could be a quick pull back on a smaller time frame. However, its looking good.
Werge making bulish fractalsLooks like Xvg love to make fractals.and after every fractal breaking up.
XVG - Ascending Triangle...Inside a Falling Wedge, Russian Dolls at play here? TF TA.
Honestly, IDK, it looked like a Descending Triangle before, but not so sure now...
I would IMAGINE that if there is a break upward, most likely it could get to the white dotted line above after working into a possible cup and handle? Most indicators look good across most time frames.
Although, if its down then will be dark red support and deeper into the wedge.
WHO KNOWS?!
Will wait for conformation, given BTC could head south for another test of the support and mess it all up again!
Let's find out! =)
This is by no means investment advice of any kind.
GMTK
Ascending Triangle Forming, No Buy Volume, Wait for Set upPossibly good buy in opportunity near the trend support. Ascending triangle squeeze for possible break out. Buy in, or wait for Buy Volume Confirmation.
Verge Trading At Key Resistance, Look BreakoutPrice is currently trading about .063 against the USD, which is just under the key resistance. Look for a breakout to the upside, or a potential rebound to the downside.
