We were able to get into #XVG between 10-11 and sell for 15-17 on my last #XVG analysis. Follow this closely and see if trend line breaks. If it breaks look for heavy support around 900-800 satsohi.
Anything dropping below that is bad....... and will want to wait for trend reversal before buying.
Longing verge, as the breakout might result in a nice short-term trade (2-3 weeks horizon), the XVG/BTC market has remained flat for the past 2 weeks due to massive bitcoin sell-off, I expect this market to rise when bitcoin price goes up.
Disclaimer
It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as...
Verge has been consolidating and forming this pennant ever since its huge run up. XVG has been trading between the 800-860 satoshi range for a couple of days now and seems to be heading towards the end of the pennant. What are you guys thoughts? I think it may go down to 720-750 satoshi before going up on a massive run...
Target for me is 1050 satoshi
Verge has been in accumulation stage for some time now - February will be an important month for XVG to see what comes out of Bitcoin Futures end, NASDAQ futures contract and Verge news. In all, we have a lot happening next month.
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Verge coin retrace from 71% fibo and maybe already started the next jump. Even if not ready yet, it is clear it found a strong support at the current levels.
#XVG finding support on 618 if we use 1400 satoshi as high point which is more reasonable then on highs of 2k.
Trend lines and support is there, but still a high risk trade
I wanted to give an update on verge and lay the facts the way they are at this moment. I notice every time I look at new charts for verge there's some clown posting about a potential breakout that's going to skyrocket it in a day or two. So no, I am going to tell you the way it is (ACCORDING TO MY PERSPECTIVE).
So here's what is going on:
Verge is currently a...
MACD indicator show a bullish movement and it seems that XVG is still going up!
A great buy opportunity for those who do not have any XVG in their portfolio!
Target 1 : 1177
Target 2 : 1520
Good luck!
Should bounce back up.
RSI at very low point now.
When it breaks out, first target would be 1400/1484.
Second target 1607, after that could go up towards 300
Hi Everyone,
I'm going do a quick post analysis about Verge.
The Verge market is in the the Pullish market.
Price Factors:
- The overall market is Strong up trend.
- The Price to the Breakout Area ( 0.00000989 - 0.00001032 ). This also acting as a very strong Support Area because of many rejected in the past.
- The Price keep holding above this Area.
- The...
Verge massive bullish pennant is ready to bounce upward and breakout. This should lead to a +124% target (1770 pips) at 0.00003181 BTC within 10 days.
Maybe I should HODL some XVG.
What we can see over here are tipical signs of bullish market.
1. ABCDE correction wave has almost reached its destination (the bottom support trend of the triangle)
2. The symetrical triangle itself
3. The Bollingerband is narrowing down, if the candle comes bellow the bollingerband that indicates a buy signal
4. The STOCH RSI is on a low, The lines are almost...
I can't see XVG breaking this pattern anytime soon. Separated by {1234}, continuously over the last few days. I predict it will follow the same trend. Hoping it breaks the triangle at the end!
I hope you all have a nice day trading!
*Not a professional, do your own analysis before trading please!
![XVGBTC: Verge: Pullish Entry [+200% Potential]](https://s3.tradingview.com/b/b7NsAQet_mid.png "Verge: Pullish Entry [+200% Potential]")
