The technical analysis of VER looks promising, I am going to study more about the fundamentals while looking for the best entry point. Since 300 satoshis is holding even as BTC rallies back from a strong resistance, I'm bullish.
Near term ascending triangle getting ready to close on Verge. Crazy to think that after it's already insane rise that it's about to go up even further, but we are in the beginning of the craziest alt season yet.
We have dipped on the RSI, MACD, CCI. Earlier trends show this to be gearing up for a bullish run. If our volume increases, we could see another push. What do you think?
The Head and Shoulders pattern is typically a bearish sign of a trend reversal. We see one having appeared here and at the moment we are just at the neckline. If the neckline is broken we may see a continued trend reversal. But we have also seen this pattern reverse and lead into another bull run. What I am most uncertain about in this analysis is the volume. As...
I found some support zones with fibonacci retraction. Verge is coming out of a bullish triangle. And possibly another triangle will form after this correction.
XVG successfully broke out and is now poking right at long term resistance at 184-185. If it breaks that than will go further up maybe we can see a new BTC ath soon.
VTC after making a double top, lost almost half of its value in past few days.
This presents a significant buy opportunity, followed by lucrative targets. Currently we are observing formation of a possible inverse H&S. Buy order should be placed above the H&S confirmation level (0.00053). Also, note that 50MA is coinciding with the H&S confirmation level and acts...
Q4 Roadmap goals are near. Verge in USD is seeing all time highs.
Supply speculation. Compare
Verge 16.5 billion max 14.3 billion circulating, All time high .009usd and 224 satoshi.
"Ripple" "100 Billion max" 38.7 billion in circulation, All time high .42usd and 23,000 satoshi.
Cardano 45 billion max 25.9 billion in circulation, All time high .16 usd and 1600...
Lines are self-evident. Both the log and non-log 4H chart looks like a bullish ascending right triangle. The shape really becomes discernible on the log chart. Combined with what looks like a recent ABCDE Elliot Wave correction triangle pattern forming, expecting a bullish rally into the next month or two.
The risk reward for this setup is great. It is worth taking if you believe in this project and like what they do. This is obviously a long term hold and if we can break out of the triangle we are in. Then sky is the limit. What are your thoughts?
Trade with care.
Verge looking Bullish, it is a good idea to accumulate this currency when it touches its support line, a -7% stop loss can be placed to prevent losing extra money in case this happens. However, the market is looking strong as the price seems to be consolidating and it currency price from the recent increase.
XVG announced new Wraith protocol for 6th November and we can already see great movement from the past few days. If we missed the train, when the price was around 80 sat, we can still benefit from this with price channel trading.
Entry point: 95 - 102
First sell target at: 125-130 (previous strong support)
Second sell target: 140 -150
NOTE:
It was delay...
