cryptoezvip

VERGE (XVG/BTC) Trade Potential

Long
BINANCE:XVGBTC   Verge / Bitcoin
Huobi has announced the listing of Verge (XVG) as a trading pair against both Bitcoin and Ethereum . There was a price surge earlier as the trading pairs go live. Given the overall crypto market bearish sentiment right now, we might just get an opportunity to enter this trade at a lower price.

Buy: 0.0000025 or near

Take Profit #1: 0.00000319 (27.6% Gain)
Take Profit #2: 0.00000399 (59.6% Gain)
Take Profit #3: 0.00000446 (78.4% Gain)
Take Profit #4: 0.00000588 (135.2% Gain)

Stop: 0.0000024

* Based on Binance XVG/ BTC trading pair
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Comment: Verge is coming down nicely to our buy zone at 250. Long term traders might want to consider Verge as a keeper for your long-term portfolio.

Verge is collaborating with PundiX for mass adoption through their Point-Of-Sale (XPOS) payment solutions. With 5,000 XPOS units already being shipped to Europe, South America and Asia, and another 20,000 XPOS units by end of this year, this collaboration might just help Verge make a strong comeback in 2019.
Comment: Now that the trend is prolonged, that last leg down to 5 (if any) could be 240 instead of 250. Here are the revised Buy and Stop Zones:

Buy: 0.0000024-25
Stop: 0.0000023

Good luck!