XVG is juuust about finished with it's 2 month long correction that came in the form of a beautiful .
However, we are not out of the woods just quite yet. I think we will be rejected in the purple circle. However, disregard this if we break above 560 - at least for your short-term consideration. For the more aggressive traders, 560-580 is close to a confirmed break out - but, 600 is bare minimum for me, as things stand rn.
So, I believe we still have to see sub 400. As of right now, my target is 391. Why?! The gorgeous desc scallop that I originally started this trade with targets that.
Good luck, #vergefam!
Falling wedges usually target the peak, so expect 1400ish upon successful reversal confirmation. This could take months to reach or it could take a week. Really up in the air. Also, if you zoom out to the whole 6mos triangle, you'll see that 1400 is most likely a complete break out....that only means ONE thing!
lol. fingers crossed.
Another quick update for your favorite Legendary $XVG Short.
I believe a desc scallop with a target of 448-462 is deceiving some folx today. If I was you, I'd get out on this peak, in order to re-buy at least around 450 - if not our ultimate 390 target. BUT, I'm not you, and this is NOT professional trading/investing advice!
We might see a bit of juice yet, but we gotta break 600 before we can start to consider anything.
Could be a big risk! This coin is about to explode as soon as it breaks out. I bet a single day candle could reach the top of our 6mos triangle, once it happens. Maaaybe 2 days, as we may need one to break us back through the bottom line of our 6mos triangle or something.
I'm sorry I could not update at the floor today, as I was soft-banned for posting the discord link in the above thread. I posted that when I was on a premium trial account, and it is now against the rules as I am back to a free account. - I digress.
My XVG bags were heaaavyyy this morning near the floor. It felt SO good hopping back into my beloved Verge. Flipped em all at 440 a bit ago. There is still a possible maybe potential for 450-453 to hit.
Whoever caught the max range easily had 10% gains today.
The best part?
IT'S ABOUT TO HAPPEN AGAIN!!! TALKIN BOUT FREE BIG-GULP REFILLS!!
This rising wedge targets 385, but I'm not sure if we'll get that low. We'll have to see.
410 fits more in line with a Wyckoff bottom - at least at this next touchdown. So, I've adjusted my hit-box slightly, as you can see.
I will most definitely be picking up every bit that I can in the 420-385 range, again.
Remember - it's all about those 1% quick gains, and you only need 4 sats 1.30% with XVG right now.
GOOD LUCK & GODSPEED!!!
(I can't wait to type "xvglong" in the tags of my Verge updates.)
I scooped my whole bag up again at 364-366. I can sell now for a nice 4-7% gain, which I'm going to do. However, it could scooch just a bit higher (389-398), so i'll just be laddering out throughout the 80/90s.
I personally see 322 still in the cards. Although it's a rather difficult read right now with BTC 0.18% doing w/e it wants lol.
We'll just have to wait and see!
XVG looks to have achieved it's first successful breakout from our big beautiful falling wedge that began with the PH spike & dump turning point back in April!
This could be it! We still have a ways to go, and we probably need BTC 4.34% to be a reverse too. BTC 4.34% looks like 6725ish is in sight, then a Right Shoulder formation that could go as low as 6100. This would be an inverse H&S with a target of 7400ish - around mid July or so. That's just my guess for now.
Always look out for throwback & pullback!
Hopefully I can get a read on some reversal patterns for XVG for you all as soon as I get some time, so we can start hitting/flipping more short-term targets.
Cheers! Good luck out there!
I'm seeing a few bullish patterns forming since the breakout from our wedge . An asc scallop or two, an inverse asc scallop and possibly a (series of) inverse H&S . As well as some cup & handles, maybe?!
Much is still yet to be confirmed, but this is my bullish PoV as of right now.
All of these are targeting 460-500. I'd like to see it happen in the next 36-72 hours. Funny enough, that'd be a nice height for what could become an even larger asc scallop - which I have drawn in white.
Don't get me wrong - I still see the potential for a dip, but it sh/wouldn't be much. Below 375 would be somewhat unexpected for me.
Fair warning: Use caution if trying to trade based on this - it is not trading/financial advice and I do not expect it to be SUPER accurate.
**PS: I have a super speculative theorized roadmap/private chart laid out all the way to 900s for anyone who is interested in seeing it. DM me, if so.**
PREPARE FOR BLAST OFF & HOLD ON TO YOUR BUUUTTS!!!
I am not convinced at all. I'm more convinced this is the rejection. I will update as the day goes on, so keep an eye on it.
haha, right? i love it tho. still a firm believer.
XVG will hopefully dominate in the future.
thanks for appreciating it! yw
I agree, but I think we have 1300 exit for TRX (I'm in pretty heavy rn) and 390 entry for XVG (completely out currently).
You could call me a gambler seeking confirmation bias if you wanted to, though.