Everybody loves XVG, its the crypto nearly every beginner starts of with, and this is clearly visible using the fibonacci retracements.
Verge is near it's support line, and if it is going to behave like classic XVG behaves, you need to watch the volume oscillator. When the volume increases, the XVG FOMO starts kicking in, like it has happened at least 10 times. So, how are we going to trade verge?
First of all, when verge hits the support line, watch the volume. If the volume suddenly starts increasing, buy in because the verge FOMO pump is picking up. Don't forget to take a lot of profit at fibonacci retracement levels, XVG is known to drop like a brick once it has touched a fib retracement.
Sell levels:
0.08 (if you buy in now)
0.094 (.618 fib retracement)
more coming soon after touching these levels.
When do you buy in?
Well, you could buy in right now. But if you're looking for more confirmation because you want to play it safe, wait for a volume breakout.
Follow and like this TA for updates regarding buy in, sell and other XVG related news. You're an adopter, you deserve this.
Verge is near it's support line, and if it is going to behave like classic XVG behaves, you need to watch the volume oscillator. When the volume increases, the XVG FOMO starts kicking in, like it has happened at least 10 times. So, how are we going to trade verge?
First of all, when verge hits the support line, watch the volume. If the volume suddenly starts increasing, buy in because the verge FOMO pump is picking up. Don't forget to take a lot of profit at fibonacci retracement levels, XVG is known to drop like a brick once it has touched a fib retracement.
Sell levels:
0.08 (if you buy in now)
0.094 (.618 fib retracement)
more coming soon after touching these levels.
When do you buy in?
Well, you could buy in right now. But if you're looking for more confirmation because you want to play it safe, wait for a volume breakout.
Follow and like this TA for updates regarding buy in, sell and other XVG related news. You're an adopter, you deserve this.
Comment:
BTC dropping like it is hot. Other crypto follow, as usual. XVG is not that affected though, volume is spiking like it is on fire. Just be careful, panic sells could happen soon.
Updated idea in shorter timeframe, lets get some more gains short term