- 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...
Altough if for those this scenario could look like fantascientific, here on XVG USD we have one of the most discounted and undervalued crypto offers out of the radar of the mainstream media, which could probably wake up very soon from a long bearish momentum.
Fundamentals still looking great, community very active and loyal, recent github important commits like...
Verge had one of the most insane pumps last season. Just look at the % gain. It pumped so hard that after 98% retrace you are stil up 18000% if you held from the bottom. It pumped 1403000%. From here it has to go more than 2000% to reach ATH but who knows maybe it can go another 6000%. Small investment, buy hold forget about it.
Verge / USD Short-term price analysis
Verge has a bearish short-term trading bias, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the head and shoulders pattern has now reached its full downside projection. Now that the downside target has been achieved, the XVG / USD pair...
The price action is completing the shark pattern and soon it will be entered in PRZ area after completed the C to D leg.
The RSI on week chart is already oversold.
Volume profile showing no interest of traders at this area.
Soon the price line will take bullish divergence from potential reversal zone to hit the sell targets inha Allah.
The targets are:
we can see a formed triangle, we are close to the support line at the moment. As we can see the price fluctuate in triangle range, it's possible that we can see a grow to the next resistance line. Expected profit 100%
*** Only God knows the future.
XVG has a great potential for a hype and It is close. It has great news nowadays but whales are keeping the price down. They will get 2x-3x when everybody try to sell at %20.
This 1-2-3-4 pattern is very similar to BTCUSD was doing in 6 months. Now It is time for Verge to do it in BTC pair.
RSI breaks trendline, that means price is gonna be breakout soon
Price isn't going below 0.009xx because this is demand zone
so now, we can place stop order above 0.0105xx
stop loss: below 0.009xx
take profit: 0.017xx - 0.02xx