Hello dear friends, XVG fans. Please do not consider this chart or any other of my profile as an investment advice.
I bring news about VERGE to you! As everyone observes in the last days the XVG took a small leap. And I want to make it very clear what I'm thinking about it.
1 - As you can see I'm using BB and MACD lines. As I said before these two have been very useful in my entire state in these seven months of cryptography. 2 - Well, now look at the chart, on the bottom chart, the MACD has clearly shown that it is rising. And when looking at the chart we can see that the XVG candles have fallen. According to MACD rules this type of trend shows that we are entering a new high. 3 - Now that you know how this graphic works I have to make it clear that the middle graphic is showing us that we are almost crossing the line, the more days pass, the closer we cross the lines. 4 - Great, now you can understand what's going on. I have to warn him that the XVG has two paths, or he goes back between 310 and 330 to pick up more force or he stops falling in 350 and 375 satoshis and crosses the lines to start his new trend! 5 - Now you are definitely inside my thoughts, there is only one thing left. We have a MEGA resistance in 300 and 330 satoshis. That's why I warn you, if that happens, I'll sell it. We will no longer be in control of VERGE's downfall if that happens. It can cause a panic sale and reach scary levels. 6 - In any case I still believe in XVG. Let's hope XVG takes the right path! As you can see, we have discharge indicators. The problem is that XVG has not yet crossed the line. And this is of extreme importance to anyone who has XVG. Keep your eyes open. 7 - Remember, do not consider my opinions as a form of investment, just use in your studies.
I will try to bring new updates when the XVG crosses the line.
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The number 5 was not very clear, I'll redo it for you!
(5 - Now you are definitely inside my thoughts, there is only one thing left. We have a MEGA resistance in 310 and 330 satoshis. If it falls and pass this old support I will sell. Because the next support is much lower! But only if we pass, we have to look at the chart to know what will happen.)
Sorry to have to rewrite, the last number was out of context!
@eduardokaykedasilva, Yes, it seems like we are going to see the first resistance around 720ish at DGB. what do you think?
eduardokaykedasilva
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@ZatoshiSun, Yes, I was looking back, I seem to have a good resistance there. But I do not know if I will sell, I will follow the MACD. Well, it could be a crazy race for the next historic top. And I do not want to be out of it! I'd rather lose a little because of the MACD than lose a bull of 2000, 4000 satoshis or even more. Let's keep an eye!
ZatoshiSun
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@eduardokaykedasilva, lol, exactly what i was thinking too. Will wait :) Good luck to you, Eduardo
That would be very interesting