XVG is located in a sensetive zone, there is an Ascending Triangle in this chart and if it breaks from each side price will continue to that direction !!!
The possible zones which price can touch has been shown in the chart by white lines.
According to Andrew's Pitchfork's Tail which located in into the fork and reducing momentum, it seems that price prefer to...
- As the weekly moving averages are getting closer and closer, it looks highly possible that XVGUSD can touch the main trend line once again when the next bull cycle starts.
Fundamentals looking very strong:
- Verge FCAS (Fundamental Crypto Asset Score) is A (789)
- It is one of the 58 coins chosen by Ice Markets (mother company of BAKKT) to be included in...
I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
I would like to hear your thoughts, comments, suggestions, etc.. and...
i think xvg now is good and soon we will see huge movement of xvg.i think xvg test 0.00000064 btc now and if xvg can break 0.00000065 btc will be very good . buy xvg at 0.00000043 with stop less=0.0000004 btc
Verge is hitting the "do or die" level... There is technically good probability of bounce higher if the history will repeat... According to actual situation when BTC is draining life from altcoins, be careful and limit your risk. The first target is 100sat.
The XVGBTC is moving within a descending triangle since july 2017.
The support of this triangle is at 0.00000048 sats which is very firm and cannot be broken sofar.
The RSI upto week chart is already oversold and the 2 week chart's RSI is almost near at oversold.
In the meanwhile the price action is also forming a bearish shark which can lead to huge profit...
Verge right now is clearly still trending downwards but it looks like it MIGHT be time for it to break up to at least the upper trend line again.
It's also currently re-testing the previous all time low that it just went below a couple of days ago so to be safe the most recent downtrend certainly needs to be broken!
Watch this chart to see when the downtrend...