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.
Hey everyone, as you guys know, the last XVG trade hit my sell stop at 743 and I ended up selling all of it around there. I was still keeping an eye out for XVG, and we now have another opportunity for it to break to the upside.
-XVG forming what appears to be an ascending triangle, since it appeared to touch the horizontal line twice on the...
Verge has been nosediving lately, but looking at the bigger picture on the daily graphs, XVG holders may have reason to be optimistic with the formation of what looks to be a cup and handle!
If this proves to be true, the bottom of the handle has not yet finished forming.
RSI on daily chart is at the bottom of the neutral zone, this along with the RSI divergence...
The start of this week is no doubt going to be flooded with news of positivity and stories of great movements by cryptocurrencies, after almost two full weeks of positive progression, and of course a brief market surge. This weekend was of course no exception, with all major currencies making solid progression over the weekend.