I haven't done this in a while so decided to fool around a bit given recent bullish indicators all across crypto.
Has anyone else put together a chart like this? Seems we have just 3 or so resistance lines before the next ATH . $1+ doesn't seem all to unreasonable.
Any comments? I'm open to suggestions/pointers.
I would also like to ask those Elliot Wavers here...
XVGBTC Verge / Bitcoin, BITTREX 12H up to 02FEB19
12H Chart, Verge (XVG) by January 10, 2019, was able to jump over both the 100/200 days MA signals (1), along with an ascending movement from 32 RSI over 70 RSI surfing over it for a couple of days, when corrected and found support now over 40 RSI doing sideways movements around the 100/200-MA(2), dropped down,...
Verge coin already successully break symmetrical triangle chart pattern and create new high so if we use here Dow Theory so we have already HH and new HL so possibilities here start uptrend and you can book good profit for short and mid term.
Symmetrical Triangle is a chart pattern,
Characterized by converging top and bottoms. The bottom of the...
Hi guys !
XVG's chart looks really like Bitcoin chart !
Since this summer, a consolidation is active in the 195-260 sats range. We looks like at the end of a new bull flag. XVG should follow the rhythm and ready for the "ALT season".
An other good thing is the Ichimoku Cloud, we started to switch on green and the lagging span (bold black line) is still in the...
Well, using the same idea about price cycles that posted at March 24 (please see below)
++SRSI getting out of oversold area
++MACD under zero and signal but trying to rise in volume
++Relatively low resistance until 500-700
++Price on the strongest support since december 2017.
++Price on the verge !
Everything could be anyway.. is risky.
While cleaning up my previous chart I noticed Verge bounced off the bottom upward trendline instead of hitting previous support just before the last explosion in December.
I think this confirms the upward trendline.
Hopefully we will see an increase in volume and a continuation of upward momentum.
What do you think?
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...
Verge has been in drop accumulation phase for some time now. All negativity surrounding it is pure FUD and does no damage to this coin since it's simply following it's natural pattern.
Expected returns are huge for this coin, current maximum target for out pattern is 2,400 satoshi, however we can stop lower or higher. Further pattern will become visible as we...
This is a low risk trade until we take off upwards. Stop losses are necessary for risk minimization.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.