Verge. To be or not to be. I there's the point.

Let's start with the 1W chart:

Early bullish signal on EFI(2) - positive divergance
Momentum and Rate of Change indicators become bullish
RSI and STOCH neutral 38 and 52 respectively
52MA and 26EMA (~640satoshi Stop Loss level) support line
13EMA (~730 satoshi) resistance (BUT weekly candle not yet closed, in my opinion, it will about EMA)
1D chart:
MACD become bullish spring is coming + possitive divergance as on EFI(13) and EFI(30)
RSI, RoC, Momentum indicators turned bullish, STOCH - oversold.
4H chart:

Rectangle was broken. Minimum target 735 satoshi.
Buy level:
Risky option - now
Safety:
"a" after sustain about downtrend channel
"a+" after sustain about BLUE line overhead resistance
"a++" after sustain about downtrend line (Purple line) 1D chart.
TP target:
1 - 1445 satoshi
2 - 1977 satoshi
Some events here:
1 - twitter.com/xvgmarke...s/995589509520732160
2 - coinmarketcal.com/?form[date_...

Your opinion is very important for me. Feel free to comment.
PS I have ETC chart, would you like to see?

Comment:

We already brakedown important resistance 0.618 Fib. retracement and close to made same with 100MA:

Next significal support 200MA daily - 605 satoshi chart and 26EMA - 638 satoshi weekly chart:

I'll load more if attempts to brakedown 26EMA will fail.

Comment:

Interesting fact, Verge seems moving down but it isnt like that.
1D chart:

Reload level same (about 26EMA 1W)
Stop loss same (under 26EMA 1W)

Comment:

Start coming new conformation end of bear trend:
1D chart:

Comment:

I leave here 1W chart:

As you can see two different option on symmetrical triangle.
Bear test 26EMA.
On the daily chart we still in downtrend channel at overhead border.
MACD gistogram is curving.
And one more support 200MA. It defines the development of long-term trend
1D chart:

So conclusion.
Downtrend VS 26EMA weekly and 200MA daily.
My bullish view told me that 26EMA and 200MA stronger. I'll change my mind if price sustain under 26EMA weekly

Comment:

Yes, I choose wrong time to enter but this's good oportunity.
Here 4H chart:

Here 1D chart:

We still inside downchannel.

Comment:

Looks like Verge will sustain under our stop loss. You should choose for yourself sold or not.
And here my vision:
Falling werge pattent is formed on 4H chart:

Same situation on 1D chart + Verge supported by 200MA.
And we are still in uptrend (Dark green)
Dont forget about Bullish divergance on 1D chart:

Last one 1W chart:

MACD become negavite, symmetrical triangle pattent.
Fundamental factors are
1. Verge released debit cards few day ago
2. Verge will participate several meet ups and lauched social network at June.
link: coinmarketcal.com/?form[date_...
3. Verge pool SuprNova was under DDoS attack.
Conclusion:
You must choose what to do sell or not. I cannt make your choise.
I will move my stop loss under uptrend line (Dont do it if newbie as me xD)
if you are long term investor you should up your stop loss to 362 and 500 satoshi lvl.
Thanks you for attention!

Comment:

Short view for long term investor.
1Mo chart:

Support 10MA - 518 satoshi, 10EMA - 527 satoshi
Bearish sing - Bearish engulfing (Should close cndle for confirm)
1W chart:

We still save falling werge pattent.
1D chart:

We should back to .782 Fib. retracement for save as bullish
Conclusion.
Bullish scenario> Price will bounched from one of support 10MA, 10EMA monthly. Verge just about 200MA daily and will brake out downtrend.
Minimum target of Werge is 1730 satoshi.

Bearish scenario>Monthly candle will close under 518 satoshi level. Next support 482, 365 satoshi.

Stop loss long term: under 518 satoshi

Comment:

Symmetrical triangle pattern on 4H chart:

Breakout target = 579 satoshi
Break down target = 453 satoshi (closer to 52MA weekly)

Comment:

Yes, it looks like breakout.
Zone about BLUE line on chart most safety enter point (533+ satoshi)
4H chart:

Comment:

Good enter for short term.
But you should keep in mind these:
1W chart:

26EMA haevy resistance.
1D chart:

200MA heavy resistance.
1D MACD:

Most safety mid term enter: MACD lines are crossed + MACD gistogram bar about zero
Most safety long term enter: about 26EMA weekly and 200MA daily.

Comment:

We breakout symmetrical traingle. Minimum target already known but too early thinks about uptrend, need more confirmation.
Daily MACD become posstive. Bullish divergance accepted but dont forget about triple divergance.
1D MACD:

Comment:

Upcoming events here:
coinmarketcal.com/?form[date_...

Amsterdam meetup + Social network launch

Comment:

Short update before Amsterdam meetup.
Daily MACD still bullish divergance
EFI(2), (13) aren showing divergance too
1D chart:

Trade closed: stop reached

Trade active:

I see first time quatro gistogram divergance and MACD lines divergance
1D chart:

Trade active:

So, I think now best time update this chart.
Weekly frame
MACD gistogramm - Bullish divergance A
Werge pattern
BLUE dotted line powerfull resistance (brake out of this line provide safety buy option)
1W chart:

1D chart:

MACD lines move opposite to price almost 2 months
Support: 257 (most risky buy opportunity)
Conclusion: Verge still no bottomed! Previous divergance was rejected that means powerfull bearish sentiments which can be invalided by MACD on weekly timeframe.
Enter point/Stop losses
Most safety about 360 satoshi, Stop Loss~0.9*enter price
Most risky 290-257 (during downmove) satoshi, Stop Loss 220 satoshi
Middle 257-290 (upmove) satoshi, SL: 220 satoshi.

Comment:

Fast update:
1D chart:

RSI Bullish divergance