I gave out the buy signal on verge back in late march early april for a long term position at 38 sats.
Since then xvg did have a nice surge in price and currently is having a pullback.
I will continue to hold the position as the 2 month chart now begins to compress.
I might consider to add more if we can hit support.
Regardless if it happens in 3 days or 3 weeks, Verge (XVGBTC) will end up green.
We mapped a perfect retrace on the 1st of July (see it below).
Now that the 0.786 Fib. retracement level has been hit, which is also where MA200 is sitting at right now, Verge can work...
Verge is giving us bullish signals on the dollar par. It done an bullish wedger and possibily will pump above this strong suppor.
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this could happen
it happened before
it can happen again
I bet a move like this would usher in some disbelief! LOL
Verge is an open-source cryptocurrency launched in 2014
Initially, the name of the cryptocurrency was Doge Coin Dark
Verge offers anonymous transactions, tangling the IP address and geolocation of its users using Tor and I2P technologies.
We are bullish long-term on Verge (XVGBTC) and all other altcoins pairs/cryptocurrency projects...
But, what is happening now with this XVG chart?
We are seeing many altcoins that just continue to go, they are growing and continue to grow, so we can expect the same here right?
It is possible we are witnessing the classic ABC Correction from EW...
Hi guys and gals and welcome to the new update on Verge coin. There are only few hours left in Verge block reward halving. As for now, the block reward is 400 coins per block and after this halving event, it will be decreased to 200 coins per block. This means that the supply will be decreased and for example if that demand will remain the same. Then automatically...
XVG / USD TA
After nearly a 3.8 Million percent gain back in 2017, we have retraced 99.54% thus far and we might not be done just yet as we are currently riding rising channel, which has high chance of breaking towards the downside at least in the short term.
Bullish case scenario would be a break towards the upside but that would require Bitcoin to be bullish...
Keeping it simple, this is what I am looking at for Verge (XVGBTC).
We have a descending channel and also a new low hit.
After this new low, the chart is giving out all the signals pointing to a strong move up.
Long-wick on the low/bottom hit candle.
Strong bullish divergence with the MACD and RSI.
Altcoins market producing strong gains for small-cap....
We are seeing so many bullish indications in XVG. To start the price is above short-term support line and, broke an important resistance and made a pullback to confirm the support, and now it is doing a high accumulation called the symmetrical triangle
This asset is pretty bullish.