An updated view for XVGUSD on the Monthly timeframe showing a green down trend line that should be bought once broken above
A double Top can be viewed on this Logarithmic chart, allowing the formation of the red down channel
Please note the following:
two fractals shown between ORANGE lines - one in 2017/18 cycle and one now
two macro fib retracements for each of these same two cycles with the .702 fib level in YELLOW
"fib levels based on log scale" is turned on for each
Questions to ponder:
Are these ORANGE fractals comparable to one another? Are they valid with respect...
Constantly tweaking is the name of the game. I think this is an improved chart.
Either way, the market is certainly at a crossroads.
I believe in the future of this technology. Hence my hopes remain the same.
I really would like this to happen, however, with market conditions and sentiment across the board it's quite difficult to forecast. However, with bitcoin dominance dropping I think we are in for an alt season show for Verge Currency.
XVG is a multi-algorithm coin with privacy features, which aims to position itself as an everyday payments tool.
Privacy coin that might be a good one to keep an eye on.
With everything going KYC, this might see a RUNE type movement
I shared this chart on the daily timeframe a little over a week ago...
Here you have it on the weekly timeframe, the bullish breakout is already on.
Verge | Let Me Show You Another Signal... (375% Potential)
XVGBTC is moving above EMA10 and EMA21 weekly... This is only getting started.
Patience is key.
We buy and we hold.
We are getting closer to our target... This is how the XVGUSDT (Verge) pair is looking after 60%+ growth...
We can clearly see prices now trading above EMA100.
The next target is marked yellow on this chart.
Here is the previous analysis before the initial price jump:
Even though it is already moving, there can be much more
Chart is clear. Xvg is about to break trend line. I'm not overhyping this so my target is around 75 sats. But if xvg breaks that line too, maybe we can see 120 sats.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.