XVG daily chart is forming a H&S pattern. At the same time MACD turning to bearish side. RSI is kinda high for XVG, that means we got plenty of room for bears. So I'm expecting a bearish market, trade safely fellas.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.
i know for some peoples it's difficult to understand that cryptos are just at the beginning and we all want fast gains but patience always rewards.
some pourcentages looks like crazy numbers but the reality is BTC also started from few cents.
When peoples will start to make big money with cryptos, governments will start to Taxe peoples from regulars coins, so...
". There is a possibility of temporary retracement to suggested support line (0.00000026).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. Verge/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Hi friends is hope you are doing well and welcome to the new update on Verge coin. The XVG coin has surged more than 500% with US dollar pair and 205% with Bitcoin pair. In my previous post I posted analysis with US Dollar pair if you missed that then here is the link for that...
i want be clear on this analyse because that one is very simple if you play it on Long Term.
You can Compare directly XVG to ZIL ( because Zil mooned days ago ) + i am checking XVG from ages.
i used Bittrex Exchange because XVG is listed from long time on it, so my indicators are more accurates.
i used only ichimoku cloud + 3EMAS 50/100/200...
Verge has formed a symmetrical triangle, this is a bullish scenario as in this case the first impulse wave is up. Also a bullish divergence on the RSI, it is iffy because it crosses over price line on chart but regardless is a divergence. I will link my targets for a moonshot for verge for anyone interested. enjoy
With the recent drop of the altcoin market, while maintaining the Gaussian channel trend, an alt rally can be expected in the coming months. This may include verge a stablecoin (not my personal favorite) to push to ~100 sats or higher, 0 regression trend I am just using it as a basis for support resistance lines. Verge has some very nice partnerships.
Appears to be a Cup and Handle formation.
We're in the Handle now and I believe will stop at the 45 SAT range as an example shown here on "C".
The depth of the Cup(Is which you use to determine the next price.) is 31 SAT.
Add 31 SAT to 64 SAT(Top of the Cup) = 95 SAT Target.
Blue boxed as the possible range of the 95-115 SAT Target.
Not Financial Advice!...
Verge right now is clearly still trending downwards but it looks like it MIGHT be time for it to break up to at least the upper trend line again.
It's also currently re-testing the previous all time low that it just went below a couple of days ago so to be safe the most recent downtrend certainly needs to be broken!
Watch this chart to see when the downtrend...