alanmasters
Education

Verge (XVG) - How To Trade 4 Beginners (Sideways + Downward)

BITTREX:XVGBTC   Verge / Bitcoin
I drew a descending channel , resistance and support levels, for Verge (XVG) about 20 days ago. The coin has been trading within this descending channel and the support level has been holding strong.

This support level mentioned above sits around the 600 satoshis (0.00000600 btc             ). Which is also the EMA90. This level can hold longer, but it can also break. For now we are going sideways with bearish tendencies, which is normal as this coin is on its correction / consolidation phase. (You can see all this in my old trade idea in the updates section below).

I believe this level will be broken, If this level breaks, you can expect XVG to test the next one and then the next one. For now we focus on the next one, for me which is around the 450 satoshis (around because it can be higher or lower, but near this price).

I also added a new resistance line around the 930 satoshis level. This is a strong resistance, smaller resistance will be faced if Verge decides to shoot up.

To trade this coin, please stay on the sidelines, watch from afar. The market is correcting, so is Verge, so there is high probabilities of the price going lower. The indicators on the chart are also bearish , which points to down movement.

There are no bullish signals on this chart. So wait until a bottom is reached / support is found, wait for the accumulation period, and then Verge can start its next run. This whole process can take several months to be completed.

For any questions please feel free to use the comment section below.

Thank you for your support again...

With much LOVE, from me, to YOU...

Namaste.
Comment: If you want to take a quick look at my old Verge (XVG) trade idea, just click on the image below, you can confirm the details described above:

Comment: Verge is now fighting resistance at the 633 level. If this level is broken and close above it, this can signal positive things to come; a breakout.

Here is the chart:
Profitable & Safe Trade Signals @ https://www.alanmasters.com

- Short, Mid & Long Term
- Safe, Strong, Highly Profitable
- Detailed Instructions, Targets, Stop loss, Buy-in Range
- Early Signals, Exclusive Articles & Much More...
Sorry but these are way too many indicators to use, especially for a novice trader.
Reply
pls update :)
Reply
Can you do an update, please?
+2 Reply
Guess who bought verge at an extermely cheap price before rocketing to jupiter :)
Reply
How will you comment on the situation now? Are we in a buy zone, @alanmasters
Reply
thx thx from USA, we appreciate all e work u r doing. Please keep posting...
+1 Reply
Hello, could you give take profit levels? thx
Reply
Thanks Alan, Very Interested in this 1
Reply
Please keep posting analysis, thanks!
Reply
Alan, is the red line (resistance) on the last chart (12 min ago) the same top red line on the chart image before this last post?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out