jmC3PO
Short

Updated Target for legendary XVG short: Bottom found? 1400+ inc?

BINANCE:XVGBTC   Verge / Bitcoin
Hello!

XVG is juuust about finished with it's 2 month long correction that came in the form of a beautiful falling wedge .

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!

#vergezoo

Original call:
Comment: Oops! forgot to add target on my falling wedge update.

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!

NEW ATH!!!

lol. fingers crossed.
Comment: Hellooo!

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.

:fingers_crossed:

Good luck!

Comment: Whelp...It's been quite a ride this month & a half, with all of you. What a legendary go - One for the books, if I say so myself!

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.)

Comment: Apologies on the late/no updates! I've been traveling out of state for the last week and will be doing so for another week. Sorta inconvenient timing as far as Legendary XVG Shorts are concerned ;)

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!

Cheers.

Comment: **Hey all! Sorry for the late update, as I'm still traveling. I'll be back to my regular posting schedule on Wednesday, July 4th.**

BREAKOUT!!!

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!

Comment: Gettin a little bolder here with my riskiest call yet - a short-term long calling targets & timing. I'll probably get slapped with the reality of the unpredictability of markets, lol. Oh well, just for fun!

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.

Cheers, y'all!

**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.**

Comment: The Legend is coming to fruition... 

PREPARE FOR BLAST OFF & HOLD ON TO YOUR BUUUTTS!!!

Comments

so up we go?
+1 Reply
jmC3PO Jimmy_Ocean
@Jimmy_Ocean

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.

Cheers!
+1 Reply
Thank you, really great analisis
+1 Reply
jmC3PO FredyMorales
@FredyMorales, cheers!
Reply
Love your XVG charts man. Very profitable trainwreck of a coin.
+1 Reply
jmC3PO sasquatron
@sasquatron

haha, right? i love it tho. still a firm believer.

XVG will hopefully dominate in the future.
Reply
thanks for sharing
+1 Reply
jmC3PO bosamfo
@bosamfo,

thanks for appreciating it! yw
+1 Reply
My two cents ... trx released just happened so the money may pump into xvg as it occurred a few times in the past. The dev's have a carrot up their arse with the current hacking, pressure in releasing code and restoring public relations so I would be expecting releases soon. That being said, ringct was announced to be in the new code base that they are to release. The wallet revamp is almost complete and smart contract by Q2 (end of july?). Verge debit card to be released with partnership from token pay. also the NDA that vergedev announced. Will the price stay at the 500 mark? i dont believe so. maybe it will drop one more time but imo the price is good .. risk-reward ratio.
Reply
jmC3PO gyphorz
@gyphorz

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.

Good luck!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out