This is an updated version of my previous chart for Verge. The .786 Fib Retracement line along with the long term upward trend line suggests where this price is expected to land. I do not expect price to go above the current highs and will slowly retrace back down to these levels.
Coin of the day is Verge.
Verge is the privacy-oriented coin, one of the hottest coins in last two months. Verge team is developing the whole stack of technologies which will help users to protect their privacy in the future. Apart from integrating both i2p and Tor anonymity architectures, Verge also delivers muti-algorithmic mining support that makes it possible...
Bullish divergence on MACD histogram + RSI .
We are in an obvious bull flag which is a continuation pattern.
Targets/exits based on fib retracement of 894-1354 impulse wave and fib trend-based extension tool.
Invalidated if BTC 0.09% dumps below 6850
SL 1115
From lasts analysis.
XVG should rise to the green box.
But, it is having some heavy resistances in the way.
What's next?
Comments, views and teachings are welcome!
Good Trade
-CJ-
Hey, this is my view on XVG. Could this be a possible scenario? I see a possible cup and handle or head and shoulders pattern forming right now. If either pattern completes we might see a break of the resitance line at 0.09. In short term we need to go down to create the handle or right shoulder. RSI is high and there is room for a drop??
I produce this idea to...
This is a medium risk trade because we see general trend channel and know that after news release after April 16 the potential for short term price retraction is great.
Attached below is my initial chart if you want to use that for reference.
Enjoy this trade guys!
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not...
Verge is currently very bullish. It reached 690 ($0.055) satoshi yesterday after that announcement that they have a new partner.
The name of the partner has not yet been announced but will be on April 16th 2018. They have also managed to raise 75m XVG ($3.2m) through crowd funding in just over a week which is quite impressive. This basically shows how strong the...
The second MY wave is starting.
Ticket to the moon with departure at 0.00000431-461 btc on the door XVG please on board.
Please take a seat, put on seat belts, relax and enjoy the view of Planet Earth moving away while trading roads to the Moon.
We hope we will be arriving at 0.00001516-1524 btc.
We wish you a very good trip.
Thank you for traveling with us and...
XVGBTC Bittrex 4H up to 22MAR18
4H Chart, also works in 1H, at this time the VERGE (XVG) is on its way to test the SUPPORT ZONE 2 to then move up to retest the RESISTANCE ZONE 2, keep in mind that these movements most of the time reflect the BTC movements. Even though the RSI and MACD are pointing down at the time of this TA, they can reverse in any time if the...
the indicator is forming a divergence we might get a strong move upside fast .the correction is coming to an end xvgbtc was low during the past few weeks. if the regulation of exchanges occur we might see strong moves on the market cap
Verge seems to be dying a slow death.. lower lows after each attempt to go higher. down down down. Ouch.
I'm glad I abandoned this coin when I did a long time ago.
Buyer beware!
Hello Guys,
I am Bullish on Verge (XVG) coin. Beautiful Cup formation started.
The reason for the Bullish confirmation is, it is having short term uptrend in the 45 mins chart and in 1 day chart shows as step formation which will result in Cup formation. This consolidation zone acts as trend reversal after 70% pull back.
Buying Zone: 0.00000637 -...
