Technical analysis: . VERGE/BITCOIN is in a downtrend and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. Trading suggestion: . The price is in a downtrend, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone...
Technical analysis: . VERGE/BITCOIN is in a downtrend and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. Trading suggestion: . The price is in a downtrend, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone...
What is a 'Death Cross' A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. It is so named due to the shape created when charting the activity and its association with a downward market trend. As long-term indicators carry more weight, this trend indicates a bear market...
We dipped below 6mo support thanks to bots/people thinking old bitfinex listing news was new...news, lol. Our tiny hit-box was breached dead-on almost a month out, yesterday. Prices to keep an eye on: 506 475 400ish 325 horiz supp ...hopefully Verge doesn't die, lol. I believe.
XVGBTC Bittrex 1D up to 14MAY18 1D Chart, also works on 4H, at this time Verge (XVG) has been floating on SUPPORT ZONE 2 since April 25 for a couple of weeks after testing RESISTANCE ZONE 2, the Pornhub and the Spotify news about partnering with them. Negatively impacted by the BTC rejection of the 10K Resistance and the Market Cap reversal to the $380 Billions,...
I'm guessing this triangle will break upward, as it seems quite bullish, but get rejected before .382 fib Which will resume the course I've already laid out, here: Cheers!
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Verge has tipped the golden correction ratio from the Elliott wave structure it was in. It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure. Lot of FUD but nothing to worry about ;) "NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up,...
30 min - BINANCE RESISTANCE LINES: Black - 1 day resistance Orange - 4 Hour resistance Red - 30 min resistance SUPPORT LINES: Blue - 4 Hour support Green - 30 min DIRENC CIZGILERI: Siyah - 1 günlük direnc Turuncu - 4 saatlik direnc Kirmizi - 30 dakikalik direnc DESTEK CIZGILERI: Mavi - 4 saatlik destek Yesil - 30 dakikalik destek
Verge is currently at the golden fib level 0.65 where usually a bounce back up starts to form the next wave structure. It is still in a downward channel (the channel got tighter tho after the Mindgeek announcement). Very exciting to see wether people will buy back in now or if it will drop further to the next fib lvl. "NOT a financial advisor, seriousness...
Signals: - RSI holding around 40 - Support at 740-780 Satoshi levels - Symmetrical Triangle (Period of consolidation before price breaks up or down) How to trade If BTC can maintain its 8500-9000 range Buy in: 743 - 780 satoshis Sell points: - 860 satoshi range, where previous support and resistance were - 1000 satoshi range, where there will likely be strong...
Verge has been following the natural correction channel despite the unusual peak up an down due to the Mindgeek announcement (in green) It will probably correct further till the 0.6 range (around the golden ratio) after that we will have to see if the announcement has had a negative impact on XVG hodlers or if everyone was talking fud. If a new wave structure...
XVGBTC Bittrex 4H up to 19APR18 4H Chart, also works in 1H, at this time the Verge (XVG) has been floating on SUPPORT ZONE 1 for a couple of days after a crazy rally and reverse from over RESISTANCE ZONE 2; the 50,100,200 MA indicator already crossed and is beein moving into an descending pattern (Orange Alert) but when you see it in 1D chart is about to cross...
It looks like Verge is falling back in it's old correction channel after the Mindgeek announcement. (green bar was the announcement) Still early but the first uptrend stopped at the top of the old channel, if this is the case it is normal for Verge to drop further. Likely till the 0.5 lvl assuming rather bullish Elliott wave structure. We will have to see in the...